22-2A Part 1 Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question. Introduction: As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts. To Determine: Preparation of cash receipt budget for July, august and September.

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Answer 1

Question

Chapter 22, Problem 2APSA

To determine

22-2A Part 1

Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.

Introduction:

As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.

To Determine:

Preparation of cash receipt budget for July, august and September.

To determine

22-2A Part 2

Introduction:

Cash budget represents the budgeted cash inflow as well as outflow from whatever source i.e. whether it’s operational or non- operational. Inflow can be from sales or other receipts. Outflow can be in the form of purchase cost or other cost. It is different from cash receipts budget in the form that earlier one contains only receipt. On the other hand, later one contains inflow as well as outflow. It represents the net of inflow and outflow of cash.

To Determine:

Preparation of cash budget for July, august and September.

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Students have asked these similar questions

solve qn no. 3

Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition. E-M:2-19 Accounting for job costs Brook Trailers’ job cost records yielded the following information: Job No. Date Total Cost of Job at July 31 Started Finished Sold 1 21-Jun 16-Jul 17-Jul $ 3,100 2 29-Jun 21-Jul 26-Jul 13,000 3 3-Jul 11-Aug 13-Aug 6,900 4 7-Jul 29-Jul 1-Aug 4,400 Use the dates in the table to identify the status of each job. Compute the following balances for Brook Trailers: a. Work-in-Process Inventory at July 31 b. Finished Goods Inventory at July 31 c. Cost of Goods Sold for July c. COGS $16,100

Donald Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,380 per month. One of the barbers serves as the manager and receives an extra $535 per month. In addition to the base salary, each barber also receives a commission of $3.75 per haircut. Other costs are as follows. Advertising $270 per month Rent $1,010 per month Barber supplies $0.50 per haircut Utilities $160 per month plus $0.15 per haircut Magazines $35 per month Donald currently charges $11.00 per haircut. Compute the break-even point in sales units and in sales dollars. Break-even point Break-even point sales $ haircuts

Answer 2

Question

Chapter 22, Problem 2APSA

To determine

22-2A Part 1

Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.

Introduction:

As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.

To Determine:

Preparation of cash receipt budget for July, august and September.

To determine

22-2A Part 2

Introduction:

Cash budget represents the budgeted cash inflow as well as outflow from whatever source i.e. whether it’s operational or non- operational. Inflow can be from sales or other receipts. Outflow can be in the form of purchase cost or other cost. It is different from cash receipts budget in the form that earlier one contains only receipt. On the other hand, later one contains inflow as well as outflow. It represents the net of inflow and outflow of cash.

To Determine:

Preparation of cash budget for July, august and September.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 22, Problem 2APSA

To determine

22-2A Part 1

Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.

Introduction:

As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.

To Determine:

Preparation of cash receipt budget for July, august and September.

To determine

22-2A Part 2

Introduction:

Cash budget represents the budgeted cash inflow as well as outflow from whatever source i.e. whether it’s operational or non- operational. Inflow can be from sales or other receipts. Outflow can be in the form of purchase cost or other cost. It is different from cash receipts budget in the form that earlier one contains only receipt. On the other hand, later one contains inflow as well as outflow. It represents the net of inflow and outflow of cash.

To Determine:

Preparation of cash budget for July, august and September.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 22, Problem 2APSA

To determine

22-2A Part 1

Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.

Introduction:

As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.

To Determine:

Preparation of cash receipt budget for July, august and September.

To determine

22-2A Part 2

Introduction:

Cash budget represents the budgeted cash inflow as well as outflow from whatever source i.e. whether it’s operational or non- operational. Inflow can be from sales or other receipts. Outflow can be in the form of purchase cost or other cost. It is different from cash receipts budget in the form that earlier one contains only receipt. On the other hand, later one contains inflow as well as outflow. It represents the net of inflow and outflow of cash.

To Determine:

Preparation of cash budget for July, august and September.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 22, Problem 2APSA

To determine

22-2A Part 1

Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.

Introduction:

As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.

To Determine:

Preparation of cash receipt budget for July, august and September.

To determine

22-2A Part 2

Introduction:

Cash budget represents the budgeted cash inflow as well as outflow from whatever source i.e. whether it’s operational or non- operational. Inflow can be from sales or other receipts. Outflow can be in the form of purchase cost or other cost. It is different from cash receipts budget in the form that earlier one contains only receipt. On the other hand, later one contains inflow as well as outflow. It represents the net of inflow and outflow of cash.

To Determine:

Preparation of cash budget for July, august and September.

Answer 6

Chapter 22, Problem 2APSA

To determine

22-2A Part 1

Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.

Introduction:

As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.

To Determine:

Preparation of cash receipt budget for July, august and September.

Answer 7

Chapter 22, Problem 2APSA

To determine

22-2A Part 1

Note: Both the parts of the question are related with each other. Solution of Part 1 is used as a base for solving Part 2 of the question.

Introduction:

As the name suggest, Cash receipt budget represents the budgeted cash receipts (income) from whatever source i.e. whether it’s operational or non- operational. It can be from sales or other receipts.

To Determine:

Preparation of cash receipt budget for July, august and September.

Answer 8

To determine

22-2A Part 2

Introduction:

Cash budget represents the budgeted cash inflow as well as outflow from whatever source i.e. whether it’s operational or non- operational. Inflow can be from sales or other receipts. Outflow can be in the form of purchase cost or other cost. It is different from cash receipts budget in the form that earlier one contains only receipt. On the other hand, later one contains inflow as well as outflow. It represents the net of inflow and outflow of cash.

To Determine:

Preparation of cash budget for July, august and September.

Answer 9

To determine

22-2A Part 2

Introduction:

Cash budget represents the budgeted cash inflow as well as outflow from whatever source i.e. whether it’s operational or non- operational. Inflow can be from sales or other receipts. Outflow can be in the form of purchase cost or other cost. It is different from cash receipts budget in the form that earlier one contains only receipt. On the other hand, later one contains inflow as well as outflow. It represents the net of inflow and outflow of cash.

To Determine:

Preparation of cash budget for July, august and September.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 22 - Prob. 1DQ Ch. 22 - Prob. 2DQ Ch. 22 - Prob. 3DQ Ch. 22 - Prob. 4DQ Ch. 22 - Prob. 5DQ Ch. 22 - Prob. 6DQ Ch. 22 - Prob. 7DQ Ch. 22 - Prob. 8DQ Ch. 22 - Prob. 9DQ Ch. 22 - Prob. 10DQ

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