Homework Problem-10 suxinhe - SUXINHE 5910521117 Home work...

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SUXINHE 5910521117 Home work Problem 10-25 1. Schedule of expected cash collections: April May June Quarter Cash sales $36,000 $43,200 $54,000 $133,200 Credit sales 20,000 24,000 28,800 72,800 Total collections $56,000 $67,200 $82,800 $206,000 2. Merchandise purchases budget: April May June Quarter Budgeted cost of goods sold $45,000 $ 54,000 $67,500 $166,500 Add desired ending inventory 43,200 54,000 28,800 28,800 Total needs 88,200 108,000 96,300 195,300 Less beginning in- ventory 36,000 43,200 54,000 36,000 Required purchases $52,200 $ 64,800 $42,300 $159,300 Schedule of expected cash disbursements—merchan- dise purchases: April May June Quarter March purchases 21,750 21,750 April purchases 26,100 26,100 52,200 May purchases 32,400 32,400 64,800 June purchases 21,150 21,150 Total disbursements $47,850 $58,500 $53,550 $159,900
SUXINHE 5910521117 3. Schedule of expected cash disbursements—selling and administrative expenses April May June Quarter Commissions $7,200 $8,640 $10,800 $26,640 Rent 2,500 2,500 2,500 7,500 Other expenses 3,600 4,320 5,400 13,320 Total disbursements $13,300 $15,460 $18,700 $47,460 4. Cash Budget April May June Quarter Cash balance, beginning $ 8,000 $4,350 $4,590 $ 8,000 Add cash collections 56,000 67,200 82,800 206,000 Total cash available 64,000 71,550 87,390 214,000 Less disbursements:

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