A company is working on their budgets for the year 2021. The table below has a few of their expectations for 2021. Accounts Payable on April 1 Inventory purchases in March Inventory purchases in April Inventory purchases in May $3,110 $3,659 $6,782 $6,580 Inventory purchases in $6,518 June Inventory purchases in July $7,725 Historically, this company's payment pattern for inventory purchases has been 100% on account which then get paid 15% in the month of purchase and the remainder one month following the purchase. The Accounts Payable on April 1 is the result of inventory purchases in March 2020 and thus is expected to be paid according to the pattern described above. How much should this company expect in Cash Payments for the month of May? (round to the nearest whole dollar/input code 0)

Capstone, Inc. is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. Capstone, Inc. gathered the following information from the managers. Sales Unit sales for November 2019                        112500 Unit sales for December 2019                        104,000 Expected unit sales for January 2020                         116,000 Expected unit sales for February 2020           115,500 Expected unit sales for March 2020               117,000 Expected unit sales for April 2020                 135,000 Expected unit sales for May 2020                  145,000 Unit selling price                                              $13.00 Capstone, Inc. likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019,…

You are to create a debtor ageing summary report for the year 2017/2018 for the CEO. Forecasted Sales figure for 2017/18 = 16,971,236 Using the percentages provided – calculate the figures for the report. After you have finished your yearly calculations you will then need to break down equally per quarter. Debtors ageing budget The historical records show that the debtors balance at the end of each quarter is usually about 20% of the quarter’s sales. At any time in the debtor’s balances 1% of the total debtors is overdue 90 days and over, 5% is 60 days overdue, 10% is 30 days overdue and the balance of the total debtors is current. The aged debtors’ budgets are only distributed to the accountant and the accounts receivable clerk.   Aged debtors   Aged Debtors Budget 2017/2018 Total Yearly Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Sales x,xxx x,xxx x,xxx x,xxx x,xxx % Debtors Sales   % % % % Total Debtors % Calculation Calculation Calculation…

The SK Industries, Inc. manufactures and sells two products, Accel Active and Accel Regular. In September 2018, SK Industries Budget Department gathered the following data in order to prepare budgets for 2019: 2019 Projected Sales Product Accel Active 45,000|s225 |Units Price Accel Regular 75,000 S1s5 Expected Target Inventories Product January 1, 2019 December 31, 2019 Accel Active 9,000 12,000 Accel Regular 17,000 25,000 The following direct materials are expected to be used in the two products: Material Used per Unit Direct Material Unit Accel Active Accel Regular pound One 6. Two pound 4 2 Three pound Projected data for 2019 with respect to direct materials are as follows: Direct Material Expected Purchase PriceExpected Inventories Target Inventories (January 1, 2019) (December 31, 2019) One $15 27,000 lb 35,000 lb Two S7 30,000 lb 35,000 lb Three $4 4,000 lb 7,000 lb Projected direct labor requirements and rates for 2019 are as follows: Product Hours Per Unit Rate Per Hour Accel…