Prepare expected cash collections April, May, and June months. Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

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Answer 1

Question

Chapter 8, Problem 8.24P

(1)

To determine

Prepare expected cash collections April, May, and June months.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(2)

To determine

Prepare merchandise purchase budget for all three months and prepare expected cash disbursements for all three months and quarter in total.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(3)

To determine

Prepare cash budget for April, May, June, and quarter.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Cash budget for April is $40,000 , May is $40,000 , June is $57,100 , and quarter is $57,100

Particulars April May June Quarter
Beginning cash balances $52,000 $40,000 $40,000 $52,000
Add: Collections from customers $368,000 $636,000 $740,000 $1,744,000
Total cash available $420,000 $676,000 $780,000 $1, 796,000
Less: cash disbursements
Purchase for inventory $357,000 $518,000 $455,000 $1,330,000
Selling expenses $79,000 $120,000 $62,000 $261,000
Administrative expenses $25,000 $32,000 $21,000 $78,000
Land purchases $16,000 $16,000
Dividends paid $49,000 $49,000
Total cash disbursements $510,000 $686,000 $538,000 $1,734,000
Excess availability of cash over disbursements ($90,000) ($10,000) $242,000 $62,000
Financings:
Borrowings $130,000 $50,000 ($180,000) ($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2) ($49,000) ($49,000)
Total Financing $130,000 $130,000 ($184,900) ($4,900)
Ending cash balance $40,000 $40,000 $57,100 $57,100

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Answer 2

Question

Chapter 8, Problem 8.24P

(1)

To determine

Prepare expected cash collections April, May, and June months.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(2)

To determine

Prepare merchandise purchase budget for all three months and prepare expected cash disbursements for all three months and quarter in total.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(3)

To determine

Prepare cash budget for April, May, June, and quarter.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Cash budget for April is $40,000 , May is $40,000 , June is $57,100 , and quarter is $57,100

Particulars April May June Quarter
Beginning cash balances $52,000 $40,000 $40,000 $52,000
Add: Collections from customers $368,000 $636,000 $740,000 $1,744,000
Total cash available $420,000 $676,000 $780,000 $1, 796,000
Less: cash disbursements
Purchase for inventory $357,000 $518,000 $455,000 $1,330,000
Selling expenses $79,000 $120,000 $62,000 $261,000
Administrative expenses $25,000 $32,000 $21,000 $78,000
Land purchases $16,000 $16,000
Dividends paid $49,000 $49,000
Total cash disbursements $510,000 $686,000 $538,000 $1,734,000
Excess availability of cash over disbursements ($90,000) ($10,000) $242,000 $62,000
Financings:
Borrowings $130,000 $50,000 ($180,000) ($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2) ($49,000) ($49,000)
Total Financing $130,000 $130,000 ($184,900) ($4,900)
Ending cash balance $40,000 $40,000 $57,100 $57,100

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Answer 3

Question

Chapter 8, Problem 8.24P

(1)

To determine

Prepare expected cash collections April, May, and June months.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(2)

To determine

Prepare merchandise purchase budget for all three months and prepare expected cash disbursements for all three months and quarter in total.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(3)

To determine

Prepare cash budget for April, May, June, and quarter.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Cash budget for April is $40,000 , May is $40,000 , June is $57,100 , and quarter is $57,100

Particulars April May June Quarter
Beginning cash balances $52,000 $40,000 $40,000 $52,000
Add: Collections from customers $368,000 $636,000 $740,000 $1,744,000
Total cash available $420,000 $676,000 $780,000 $1, 796,000
Less: cash disbursements
Purchase for inventory $357,000 $518,000 $455,000 $1,330,000
Selling expenses $79,000 $120,000 $62,000 $261,000
Administrative expenses $25,000 $32,000 $21,000 $78,000
Land purchases $16,000 $16,000
Dividends paid $49,000 $49,000
Total cash disbursements $510,000 $686,000 $538,000 $1,734,000
Excess availability of cash over disbursements ($90,000) ($10,000) $242,000 $62,000
Financings:
Borrowings $130,000 $50,000 ($180,000) ($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2) ($49,000) ($49,000)
Total Financing $130,000 $130,000 ($184,900) ($4,900)
Ending cash balance $40,000 $40,000 $57,100 $57,100

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Answer 4

Question

Chapter 8, Problem 8.24P

(1)

To determine

Prepare expected cash collections April, May, and June months.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(2)

To determine

Prepare merchandise purchase budget for all three months and prepare expected cash disbursements for all three months and quarter in total.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(3)

To determine

Prepare cash budget for April, May, June, and quarter.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Cash budget for April is $40,000 , May is $40,000 , June is $57,100 , and quarter is $57,100

Particulars April May June Quarter
Beginning cash balances $52,000 $40,000 $40,000 $52,000
Add: Collections from customers $368,000 $636,000 $740,000 $1,744,000
Total cash available $420,000 $676,000 $780,000 $1, 796,000
Less: cash disbursements
Purchase for inventory $357,000 $518,000 $455,000 $1,330,000
Selling expenses $79,000 $120,000 $62,000 $261,000
Administrative expenses $25,000 $32,000 $21,000 $78,000
Land purchases $16,000 $16,000
Dividends paid $49,000 $49,000
Total cash disbursements $510,000 $686,000 $538,000 $1,734,000
Excess availability of cash over disbursements ($90,000) ($10,000) $242,000 $62,000
Financings:
Borrowings $130,000 $50,000 ($180,000) ($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2) ($49,000) ($49,000)
Total Financing $130,000 $130,000 ($184,900) ($4,900)
Ending cash balance $40,000 $40,000 $57,100 $57,100

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Answer 5

Chapter 8, Problem 8.24P

(1)

To determine

Prepare expected cash collections April, May, and June months.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(2)

To determine

Prepare merchandise purchase budget for all three months and prepare expected cash disbursements for all three months and quarter in total.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

(3)

To determine

Prepare cash budget for April, May, June, and quarter.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Cash budget for April is $40,000 , May is $40,000 , June is $57,100 , and quarter is $57,100

Particulars April May June Quarter
Beginning cash balances $52,000 $40,000 $40,000 $52,000
Add: Collections from customers $368,000 $636,000 $740,000 $1,744,000
Total cash available $420,000 $676,000 $780,000 $1, 796,000
Less: cash disbursements
Purchase for inventory $357,000 $518,000 $455,000 $1,330,000
Selling expenses $79,000 $120,000 $62,000 $261,000
Administrative expenses $25,000 $32,000 $21,000 $78,000
Land purchases $16,000 $16,000
Dividends paid $49,000 $49,000
Total cash disbursements $510,000 $686,000 $538,000 $1,734,000
Excess availability of cash over disbursements ($90,000) ($10,000) $242,000 $62,000
Financings:
Borrowings $130,000 $50,000 ($180,000) ($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2) ($49,000) ($49,000)
Total Financing $130,000 $130,000 ($184,900) ($4,900)
Ending cash balance $40,000 $40,000 $57,100 $57,100

Answer 6

Chapter 8, Problem 8.24P

(1)

To determine

Prepare expected cash collections April, May, and June months.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Answer 7

Chapter 8, Problem 8.24P

(1)

To determine

Prepare expected cash collections April, May, and June months.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Answer 8

(2)

To determine

Prepare merchandise purchase budget for all three months and prepare expected cash disbursements for all three months and quarter in total.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Answer 9

(2)

To determine

Prepare merchandise purchase budget for all three months and prepare expected cash disbursements for all three months and quarter in total.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Answer 10

(3)

To determine

Prepare cash budget for April, May, June, and quarter.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Cash budget for April is $40,000 , May is $40,000 , June is $57,100 , and quarter is $57,100

Particulars April May June Quarter
Beginning cash balances $52,000 $40,000 $40,000 $52,000
Add: Collections from customers $368,000 $636,000 $740,000 $1,744,000
Total cash available $420,000 $676,000 $780,000 $1, 796,000
Less: cash disbursements
Purchase for inventory $357,000 $518,000 $455,000 $1,330,000
Selling expenses $79,000 $120,000 $62,000 $261,000
Administrative expenses $25,000 $32,000 $21,000 $78,000
Land purchases $16,000 $16,000
Dividends paid $49,000 $49,000
Total cash disbursements $510,000 $686,000 $538,000 $1,734,000
Excess availability of cash over disbursements ($90,000) ($10,000) $242,000 $62,000
Financings:
Borrowings $130,000 $50,000 ($180,000) ($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2) ($49,000) ($49,000)
Total Financing $130,000 $130,000 ($184,900) ($4,900)
Ending cash balance $40,000 $40,000 $57,100 $57,100

Answer 11

(3)

To determine

Prepare cash budget for April, May, June, and quarter.

Introduction: Cash collection means the recovery of cash from an individual for which an invoice is generated. Unpaid invoices are meant to be outstanding and are a function of account receivables. Cash collection is a method to compute the amount that a company receives during a month.

Cash budget for April is $40,000 , May is $40,000 , June is $57,100 , and quarter is $57,100

Particulars April May June Quarter
Beginning cash balances $52,000 $40,000 $40,000 $52,000
Add: Collections from customers $368,000 $636,000 $740,000 $1,744,000
Total cash available $420,000 $676,000 $780,000 $1, 796,000
Less: cash disbursements
Purchase for inventory $357,000 $518,000 $455,000 $1,330,000
Selling expenses $79,000 $120,000 $62,000 $261,000
Administrative expenses $25,000 $32,000 $21,000 $78,000
Land purchases $16,000 $16,000
Dividends paid $49,000 $49,000
Total cash disbursements $510,000 $686,000 $538,000 $1,734,000
Excess availability of cash over disbursements ($90,000) ($10,000) $242,000 $62,000
Financings:
Borrowings $130,000 $50,000 ($180,000) ($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2) ($49,000) ($49,000)
Total Financing $130,000 $130,000 ($184,900) ($4,900)
Ending cash balance $40,000 $40,000 $57,100 $57,100

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 8 - Prob. 8.1Q Ch. 8 - Prob. 8.2Q Ch. 8 - Prob. 8.3Q Ch. 8 - Prob. 8.4Q Ch. 8 - Prob. 8.5Q Ch. 8 - Prob. 8.6Q Ch. 8 - Prob. 8.7Q Ch. 8 - Prob. 8.8Q Ch. 8 - Prob. 8.9Q Ch. 8 - Prob. 8.10Q

Particulars	April	May	June	Quarter

Beginning cash balances	$52,000	$40,000	$40,000	$52,000

Add: Collections from customers	$368,000	$636,000	$740,000	$1,744,000
Total cash available	$420,000	$676,000	$780,000	$1, 796,000
Less: cash disbursements
Purchase for inventory	$357,000	$518,000	$455,000	$1,330,000
Selling expenses	$79,000	$120,000	$62,000	$261,000
Administrative expenses	$25,000	$32,000	$21,000	$78,000
Land purchases		$16,000		$16,000
Dividends paid	$49,000			$49,000
Total cash disbursements	$510,000	$686,000	$538,000	$1,734,000
Excess availability of cash over disbursements	($90,000)	($10,000)	$242,000	$62,000
Financings:
Borrowings	$130,000	$50,000	($180,000)	($180,000)
Repayments
Interest ($130,0001%3+$50,0001%2)			($49,000)	($49,000)
Total Financing	$130,000	$130,000	($184,900)	($4,900)

Ending cash balance	$40,000	$40,000	$57,100	$57,100

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