Kingbird needs to calculate the company’s expected cash receipts for the upcoming month to determine whether additional financing is needed. Typically, the company’s sales consist of 40% cash sales and 60% credit sales. Of the credit sales, 55% are collected in the same month, and 42% are collected in the following month. The remainder is generally uncollected. Total budgeted sales in June are $136,000 and in July are $186,000. What amount of total cash receipts would Kingbird expect to collect in July? Total cash receipts   $enter the total cash receipts in dollars

Surity Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: 1 Click the icon to view the data.) How much cash will be paid out next month? Surity Corporation Cash Payments Budget Cash payments for direct materials: 45% of last month's purchases 55% of next month's purchases Cash payments for direct labor Cash payments for manufacturing overhead Cash payments for operating expenses Cash payment for taxes Total cash payments

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Help with cash budget. Please explain and show the work so i can understand.  Grenoble Enterprises had sales of $49,700 in March and $59,900 in April. Forecast sales for​ May, June, and July are $70,300​,$79,500​, and $99,600​,respectively. The firm has a cash balance of $4,800 on May 1 and wishes to maintain a minimum cash balance of $4,800.Given the following​ data, prepare and interpret a cash budget for the months of​ May, June, and July.   ​(1) The firm makes 22% of sales for​ cash, 63% are collected in the next​ month, and the remaining 15% are collected in the second month following sale.   ​(2) The firm receives other income of $1,600 per month.   ​(3) The​ firm's actual or expected​ purchases, all made for​ cash, are $49,600​, $70,200​, and $79,500 for the months of May through​ July, respectively.   ​(4) Rent is $2,700 per month.   ​(5) Wages and salaries are 9% of the previous​ month's sales.   ​(6) Cash dividends of $3,500 will be paid in June.   ​(7) Payment of principal…

Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,800 units are planned to be sold in March. The variable selling and administrative expense is $4.30 per unit. The budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2.700 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be: Multple Choice $32,920 $7740 $40.660 $43.360 4:32 PM 92°F AQI 61 9/30/2021 21 - here to search DELL PgUp PgDn Home F10 F11 F12 PrtScr Insert Delete F7 F8 F9 F3 F4 F5 F6 Num

Schuepfer Incorporated bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,900 units are planned to be sold in March. The variable selling and administrative expense is $4.80 per unit. The budgeted fixed selling and administrative expense is $35,690 per month, which includes depreciation of $3,400 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be: Multiple Choice $44,810 $41,410 $32,290 $9,120

A manufacturing company's sales budget indicates the following sales: January: $30,000; February: $20,000; March: $15,000. The company expects 80% of the sales to be on account. Credit sales are collected 30% in the month of the sale and 70% in the month following the sale. The total cash receipts collected during March will be $

Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $20,800 for March and $65,700 for April. What are the budgeted cash receipts from sales on account for April?

Daybook Inc. collects 30% of its sales on account in the month of the sale and 70% in the month following the sale. If sales on account are budgeted to be $105,000 for September and $116,000 for October, what are the budgeted cash receipts from sales on account for October?$fill in the blank 1

Schuepfer Incorporated bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,500 units are planned to be sold in March. The variable selling and administrative expense is $4.00 per unit. The budgeted fixed selling and administrative expense is $35,850 per month, which includes depreciation of $5,000 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be: Multiple Choice $49,850 $44,850 $30,850 $14,000