the following are forecasts of sales and purchases for a company.                     Sales                     Purchases April         P 80,000                   P 30,000 May            90,000                       40,000 June            85,000                       30,000 All sales are on credit. Records show that 70% of the customers pay the month of the sale 20% pay the month after the sale, and the remaining 10% pay the second month after the sale. Purchases are all paid the following month at a 2 percent discount. cash disbursements for operating expenses in June were P5,000.   1. Prepare a schedule of cash receipts and disbursements for June.

Q: Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: Eddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: Cash Budget is that Ledger / Account which is prepare on estimated figure basis for know the Cash…

Q: Alpha Company makes all its sales on account. The accounts receivable payment experience is as…

A: Given, Percent paid in the month after the sale = 54%   So,  Collection of June's credit sales in…

Q: Cash collections for Renew Lights found that 65% of sales were collected in the month of sale, 25%…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: The company has the following expected pattern of collections on credit sales 70 percent collected…

A: Collection from june sales = june sales x 70% = 150000*70% = P105000

Q: March, April, and May sales are $100,000, $120,000, and $125,000, respectively. Atotal of 80% of all…

A: Cash Budget:   Cash budget is a budget that is prepared to estimate the cash inflows and cash…

Q: what are the expected cash payments in July?

A: In the given case, Purchases in june = P130000 Purchases in july  = P124000 Given that NUBD pays for…

Q: Torres Co. forecasts merchandise purchases of $15,800 in January, $18,600 in February, and $20,200…

A:

Q: The Amber Magic Shoppe has forecast its sales revenues and purchases for the last 5 months of 2014…

A: Percentage of cash sale=100-Credit sale percentage=100-65%=35%

Q: Marlin Company projects the follwoing sales for the first thre months of the year: $11500 in…

A: Working Note Particulars  January   February   March  Total Budgeted Sales      11,500…

Q: NUBD Co. has the following sales forecasts for the selected three month period in 2021: Month April…

A: 75% of sales of June will be collected in June. 25 of sales of May will be collected in June.

Q: Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows:…

A: A cash budget is an estimation of expected cash receipts and disbursements based on experience. It…

Q: The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April…

A: Cash payment is the amount of money paid in order to recompense the expenses.

Q: Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry"…

A: PARTICULARS OCTOBER NOVEMBER DECEMBER Receipts from cash sales:       Cash sales $133000 * 25%…

Q: 1.A financial analyst for Carroll Company has prepared the following sales and cash disbursement…

A: Cash budget is a pre-planned record of expenditures and revenues. It is used to estimate the…

Q: Sales for April, May, June, and July will be $310,000, $330,000, $320,000, and $340,000,…

A: Account receivable shows the amount of sales which is not received yet. In simple, it represents the…

Q: A company's sales for the coming months are as follows: April, P175,000 June, P140,000 August,…

A: The Cash Budget is the total estimation of the total cash receipts and the total cash to be disburse…

Q: Homer Company expects credit sales for January to be $50,000. Cash sales are expected to be $30,000.…

A: Given,  Credit sales for January = $50,000 Cash sales for January = $30,000 Increase in sales = 10%…

Q: Required: 2. Anticipated total cash available from all sources in August. 3. August cash payments…

A: 2. Total Cash Available from all Sources in August Particulars     Amount Opening Cash Balance…

Q: Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Apr…

A: Cash inflows in March = cash sales + cash collected in month of march

Q: Dolittle and Dalley has $4,000 in purchases for January and $5,000 in purchases for February. It…

A: January month accounts receivable =   January sales ×  ( 100 % - percentage collected in the month…

Q: ddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: A cash budget is a projection of an industry's free cash flow over a given time period.. This might…

Q: Dolittle and Dalley has $4,000 in purchases for January and $6,000 in purchases for February. It…

A: Total Cash payments for inventory  in February  = (Purchases for February ×70%) + (Purchases of…

Q: Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that…

A: Cash Budget is an important device to plan and control cash receipts and payments. it shows the…

Q: The following are the information obtained from AMC Company: July P24,000 220,000 180,000 30,000…

A: Cash budget is prepared at the beginning of the period to minimize cost.

Q: Beech's managers have made the following additional assumptions and estimates: 1. Estimated sales…

A:

Q: The Palos Company expects sales for June, July, and August of $48,000, $54,000, and $44,000,…

A: Credit sales: Sales are made to customer but payment will be delayed to a future date. Formulas:

Q: DER Corp will open a new store on January 1. Based on experience form its other retail outlets, DER…

A: Given in the question: Credit sales in the January month = 4,00,000 As collection of above credit…

Q: Juneau limited purchases all of its inventory on credit and always pays suppliers in the month…

A: Cash paid to suppliers = Total invoice value of purchases - Cash discount received

Q: chedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers…

A: Cash collection schedule is prepared to estimate the total receipts of a particular period. Total…

Q: 1.A company has the following expected pattern of collections on credit sales 70 percent collected…

A: Cash budget means expected cash receipts and expected cash payment with opening and closing cash…

Q: Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry"…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: Eddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: The cash budget is an estimation of the cash receipts and cash payments for each month or a period…

Q: The following are forecasts of sales and purchases for KWANGYA Company: Sales Purchases April…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: Carson Ltd. has prepared the following 2021 projections for its beverage company: Sales Month Cash…

A:

Q: adows Company makes all of its sales on account. Meadows collect its accounts as follows: 70% in the…

A: Given, following pattern of collection - 70% in the month of sale, 25% in the month following sale,…

Q: The following sales and purchases are expected over the Four-month period from December to March…

A: Cash budget of the business shows expected cash receipts and cash disbursements of the business for…

Q: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: The cash budget is prepared by the management to estimate the expected cash receipt and cash…

Q: Consider the following information for a given company. Month Cash Sales Credit Sales Jan $80.000…

A: Given, Cash sales = $80,000 for January

Q: The table contains the Sales estimates for the next year. Sales are collected as follows:In the…

A: Cash collection in November will be 20% of August sales, 14% of September Sales, 23% of October…

Q: Trapp Co. was organized on August 1 of the current year.  Projected sales for the first three months…

A: Working notes: Excel workings:

Q: Bennett Inc. found that about 35% of its sales during the month were for cash. Bennett has the…

A: The credit sales of April, $162,500 is computed by multiplying the anticipated sales of the month,…

Q: Marga Corporation has the following historical pattern of credit sales 70% during the month of sale…

A: Particulars July August September October November December Total Sales 1,20,000 1,40,000…

Q: The Amber Magick Shoppe has forecast its sales revenues and purchases for the last 5 months of 200x…

A: Budget is an estimated schedule of estimated receipts and estimated payments during the particular…

Q: Required: 1. Anticipated cash receipts from accounts receivable in August.

A: Accounts Receivables are as follows: Credit Sales for August = P300000 Credit Sales for July =…

Q: Donald Company expects its purchases for June to be 130,000 and its purchases for July to be…

A:

Q: Eddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: Formula: Cash received amount = Total sales x collectible percentage of sales amount for the month.…

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.