Budgeted DM Purchases $69,000 77,000 78,700 77,800 76,200 All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate total budgeted cash payments made in October for purchases. Month June July August September October

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Schedule of cash payments for a service company EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January-March). The Accrued Expenses Payable balance on January 1 is $26,200. The budgeted expenses for the next three months are as follows: January February March Salaries $60,300 $73,400 $81,200 Utilities 5,000 5,500 6,600 Other operating expenses 46,400 50,600 $5,700 Total $111,700 $129,500 $143,500 Other operating expenses include $3,300 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on May 1 of the previous year of the remaining expenses, 80% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. EastGate Physical Therapy Inc. Schedule of Cash Payments for…

Cash budget                                                                                                  Consider the budgeted income statement for Carlson Company for June 20X4 in Exhibit 7-13.The cash balance, May 31, 20x4, is $ 15.000. Sales proceeds are collected as follows: 80% the month od sale, 10% the second month, and 10% the third month. Accounts receivable are $44.000 on May 31, 20x4, consisting od $20.000 from April sales and $24.000 from May sales. Accounts payable on May 31, 20x4, are $145.000. Carlson Company pays 25% of purchases during the month of purchase and the remainder during the following month.  All operating expenses requiring cash are paid during the month of recongnition, except that insurance and property taxes are paid annually in December for the forthcoming year. Prepare a cash budget for June Confine your analysis to the given data. Ignore income taxes.            Exhibit 7-13, Carlson Company - Budgetes Income Statement for the Month Ended June 30,…

Cash Budget The owner of a building supply company has requested a cash budget for June. After examining the records of the company, you find the following: Cash balance on June 1 is $1,236. Actual sales for April and May are as follows:   April May Cash sales $10,000   $18,000 Credit sales 28,900   35,000 Total sales $38,900   $53,000 Credit sales are collected over a 3-month period: 40% in the month of sale, 30% in the second month, and 20% in the third month. The sales collected in the third month are subject to a 2% late fee, which is paid by those customers in addition to what they owe. The remaining sales are uncollectible. Inventory purchases average 72% of a month's total sales. Of those purchases, 20% are paid for in the month of purchase. The remaining 80% are paid for in the following month. Salaries and wages total $11,750 per month, including a $4,500 salary paid to the owner. Rent is $5,400 per month. Taxes to be paid in June are $6,780. The owner also…