Jason Allen is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Jason has prepared the following purchases budget for the coming year:     1st Quarter   2nd Quarter   3rd Quarter   4th Quarter   Budgeted purchases   $400,000   $500,000   $515,000   $595,000   Historically, Jason has paid for 40% of her purchases in the quarter of purchase and 60% in the quarter following purchase. On December 31 of this year Jason had a $250,000 accounts payable balance. Prepare Jason's cash payments budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)       1st Quarter   2nd Quarter   3rd Quarter   4th Quarter   Annual   A/P from last year   $enter a dollar amount    $enter a dollar amount    $enter a dollar amount    $enter a dollar amount    $enter a dollar amount                            1st quarter purchases   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   2nd quarter purchases   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   3rd quarter purchases   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   4th quarter purchases   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount   Total   $enter a total amount    $enter a total amount    $enter a total amount    $enter a total amount    $enter a total amount  Calculate the accounts payable balance at the end of 4th Quarter.

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: April $ 430,000 Мay $ 630,000 June Total Budgeted sales (all on account) $ 200,000 $ 1,260,000 From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $360,000, and March sales totaled $390,000. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of expected cash collections from sales, by month and in total, for the…

Scholar Suppliers manufactures backpacks for students. The backpacks come in two sizes: Small, and Large. Scholar Suppliers anticipates the following sales volumes and prices for the coming period: Size Sales Volume Selling Price Small 3,000 backpacks $25 each Large 6,000 backpacks $75 each What is the budgeted level of revenue for the coming period?

Kaja Kallas produces luxury collection of dolls. She is preparing her budget for the coming year. The budgeted selling price for each doll is $30 and the budgeted materials cost for each doll is 50% of selling price while the budgeted labour cost is 20% of selling price.  Each doll is expected to incur direct expenses of $1 on top of the budgeted materials and labour costs. Equipment depreciation is budgeted to be $9,000 per annum and Ms. Kallas budgeted administration expenses are $1,200 per month. Demand in September is budgeted to be 10,000 dolls with demand rising to 10,500 dolls in October and 11,025 in November. What is Ms. Kallas budgeted gross profit for November?        $86,250       $87,450       $88,200       $99,225

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: May April $ 490,000 $ 690,000 June $ 220,000 Total $1,400,000 Budgeted sales (all on account) From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are. negligible and can be ignored. February sales totaled $420,000, and March sales totaled $450,000. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th?

Perfect Parties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget results for the month of June. The Controller has asked you prepare the Birthday Party Division Budget Performance Report. Please provide me with the answers for the cells in yellow. greatly appreciate your help!

Michael Jones is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Michael has prepared the following purchases budget for the coming year:     1st Quarter   2nd Quarter   3rd Quarter   4th Quarter   Budgeted purchases   $ 280,000   $ 480,000   $ 495,000   $ 575,000   Historically, Michael has paid for 40% of her purchases in the quarter of purchase and 60% in the quarter following purchase. On December 31 of this year Michael had a $ 250,000 accounts payable balance.Prepare Michael's cash payments budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)       1st Quarter   2nd Quarter   3rd Quarter   4th Quarter   Annual   A/P from last year   $ 250,000   $ enter a dollar amount   0   0   $ enter a dollar amount                           1st quarter purchases   enter a dollar amount…

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Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: Budgeted sales (all on account) From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 20% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $430,000, and March sales totaled $460,000. April May June $ 500,000 $ 700,000 $ 240,000 Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th? Complete this question by entering your answers in the tabs below. February sales March sales April sales May sales June sales Total cash collections Required 1 Required 2 Prepare a schedule of expected…

Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: Budgeted sales (all on account) April $300,000 May $500,000 June $200,000 Total $1,000,000 From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $230,000, and March sales totaled $260,000. Required: 1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a schedule of expected cash collections from sales, by month and in total, for the second…