Tucker Inc. makes dog treats. The material to be purchased from the production budget is as follows: Material to be purchased Tucker Inc. pays $0.40 per kilo for its material. 60% of a months purchases are paid for in th month of purchase, 40% is paid for in the following month. The March 31 accounts payable balance is $10,000 and will be paid in full in the first month. The total cash disbursement for April is The total cash disbursement for May is The total cash disbursement for June is The total cash disbursement for the quarter is (no commas, no $, no decimals in answer) April 161,800 May 270,900 June 195,600
Tucker Inc. makes dog treats. The material to be purchased from the production budget is as follows: Material to be purchased Tucker Inc. pays $0.40 per kilo for its material. 60% of a months purchases are paid for in th month of purchase, 40% is paid for in the following month. The March 31 accounts payable balance is $10,000 and will be paid in full in the first month. The total cash disbursement for April is The total cash disbursement for May is The total cash disbursement for June is The total cash disbursement for the quarter is (no commas, no $, no decimals in answer) April 161,800 May 270,900 June 195,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
Ef 502.
Transcribed Image Text:Tucker Inc. makes dog treats. The material to be purchased from the
production budget is as follows:
Material to be purchased
Tucker Inc. pays $0.40 per kilo for its material.
60% of a months purchases are paid for in th month of purchase, 40%
is paid for in the following month.
The March 31 accounts payable balance is $10,000 and will be paid in
full in the first month.
The total cash disbursement for April is
The total cash disbursement for May is
The total cash disbursement for June is
The total cash disbursement for the quarter is
(no commas, no $, no decimals in answer)
April
161,800
May
270,900
June
195,600
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