Schedule of cash receipts: All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts. Schedule of cash payments: All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments. Cash budget : The cash budget of a company shows the inflows and outflows of cash and financing activities of a company. To determine : 1. Prepare schedule of cash receipts of Knobbles Company for January and February 2016. 2. Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016. 3. Prepare schedule of cash payments for selling and administrative expense for January and February 2016. 4. Prepare the cash budget for January and February 2016.

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Answer 1

Question

Chapter 22, Problem P22.45APGA

To determine

Schedule of cash receipts:

All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts.

Schedule of cash payments:

All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments.

Cash budget:

The cash budget of a company shows the inflows and outflows of cash and financing activities of a company.

To determine:

1.

Prepare schedule of cash receipts of Knobbles Company for January and February 2016.

2.

Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016.

3.

Prepare schedule of cash payments for selling and administrative expense for January and February 2016.

4.

Prepare the cash budget for January and February 2016.

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A balance sheet shows cash, $75,000; marketable securities, $110,000; receivables, $90,000; and $225,000 of inventories. Current liabilities are $200,000. The current ratio is 1.375 to 1. a. True b. False

Answer 2

Question

Chapter 22, Problem P22.45APGA

To determine

Schedule of cash receipts:

All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts.

Schedule of cash payments:

All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments.

Cash budget:

The cash budget of a company shows the inflows and outflows of cash and financing activities of a company.

To determine:

1.

Prepare schedule of cash receipts of Knobbles Company for January and February 2016.

2.

Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016.

3.

Prepare schedule of cash payments for selling and administrative expense for January and February 2016.

4.

Prepare the cash budget for January and February 2016.

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Answer 3

Question

Chapter 22, Problem P22.45APGA

To determine

Schedule of cash receipts:

All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts.

Schedule of cash payments:

All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments.

Cash budget:

The cash budget of a company shows the inflows and outflows of cash and financing activities of a company.

To determine:

1.

Prepare schedule of cash receipts of Knobbles Company for January and February 2016.

2.

Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016.

3.

Prepare schedule of cash payments for selling and administrative expense for January and February 2016.

4.

Prepare the cash budget for January and February 2016.

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Answer 4

Question

Chapter 22, Problem P22.45APGA

To determine

Schedule of cash receipts:

All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts.

Schedule of cash payments:

All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments.

Cash budget:

The cash budget of a company shows the inflows and outflows of cash and financing activities of a company.

To determine:

1.

Prepare schedule of cash receipts of Knobbles Company for January and February 2016.

2.

Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016.

3.

Prepare schedule of cash payments for selling and administrative expense for January and February 2016.

4.

Prepare the cash budget for January and February 2016.

Expert Solution & Answer

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Answer 5

Chapter 22, Problem P22.45APGA

To determine

Schedule of cash receipts:

All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts.

Schedule of cash payments:

All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments.

Cash budget:

The cash budget of a company shows the inflows and outflows of cash and financing activities of a company.

To determine:

1.

Prepare schedule of cash receipts of Knobbles Company for January and February 2016.

2.

Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016.

3.

Prepare schedule of cash payments for selling and administrative expense for January and February 2016.

4.

Prepare the cash budget for January and February 2016.

Answer 6

Chapter 22, Problem P22.45APGA

To determine

Schedule of cash receipts:

All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts.

Schedule of cash payments:

All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments.

Cash budget:

The cash budget of a company shows the inflows and outflows of cash and financing activities of a company.

To determine:

1.

Prepare schedule of cash receipts of Knobbles Company for January and February 2016.

2.

Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016.

3.

Prepare schedule of cash payments for selling and administrative expense for January and February 2016.

4.

Prepare the cash budget for January and February 2016.

Answer 7

Chapter 22, Problem P22.45APGA

To determine

Schedule of cash receipts:

All the expected cash receipts of a company during the budgeted period is shown in the schedule of cash receipts.

Schedule of cash payments:

All the expected cash payment of a company in a particular period is disclosed in the schedule of cash payments.

Cash budget:

The cash budget of a company shows the inflows and outflows of cash and financing activities of a company.

To determine:

1.

Prepare schedule of cash receipts of Knobbles Company for January and February 2016.

2.

Prepare schedule of cash payments of Knobbles Company for purchases of January and February 2016.

3.

Prepare schedule of cash payments for selling and administrative expense for January and February 2016.

4.

Prepare the cash budget for January and February 2016.

Answer 8

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Answer 9

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Answer 10

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Answer 11

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