Chapter 9 cont. - October 27, 2010 Bus 215 Section 08...

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October 27, 2010 Bus 215 Section 08 Homework Assignment: Chapter 9 cont. E9-1) 1. Silver Company Schedule of Expected Cash Collections April May June Total Account Receivables $ 205,000 26,000 231,000 April Sales 20% x 300,000 60,000 60,000 70% x 300,000 210,000 210,000 10% x 300,000 30,000 30,000 May Sales - 20% x 500,000 100,000 100,000 70% x 500,000 350,000 350,000 June Sales 20% x 200,000 40,000 40,000 Total Cash Collections $265,000 $336,000 $420,000 $1,021,000 2. Silver Company Budgeted Balance Sheet 6/30 ASSETS Current Assets: Accounts receivable 231,000 E9-2) Down Under Products, Ltd. Production Budget for Quarter 2 April May June Quarter Budgeted Unit Sales 50,000 75,000 90,000 215,000 Add: End Inventory 7,500 9,000 8,000 8,000 Total needs 57,500 84,000 98,000 223,000 Less: Beg Inventory 5,000 7,500 9,000 5,000 Required Production 52,500 76,500 89,000 218,000
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E9-7) Garden Depot Cash Budget For the Year Ended Quarter 1 2 3 4 Year Cash Balance, beginning $ 20,000 10,000 110,000 100,000
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Chapter 9 cont. - October 27, 2010 Bus 215 Section 08...

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