ollowing information prepare a Cash Budget for the three months commencing 1st June, when the bank balance was Rs. 1,10.000. Month Sales Purchases Wages Research Overheads expenses Selling Factory Admn. Rs. Rs. Rs. Rs. Rs. Rs. Rs. April May 88,500 37,000 8,000 2,400 3,250 5,680 2,500 84,000 40,000 39,000 8.400 2,400 4,100 5,920 2,760 June 93,000 8,800 2,400 3,710 5,440 2,480 July 72,000 39,900 6,000 2,400 3,210 5,880 2,600 6,000 2,520 82,500 35,000 9,600 2,600 August A sales commission of 5% on sales, due 2 months after sales, is payable in addition to the above selling overheads. Capital Expenditure : Plant purchased in June Rs. 38,000 payable on delivery; Building purchased in June Rs. 80,000 payable in two half-yearly instalments, the first in July. 3,600 A dividend of Rs. 20,000 will be paid in October. Period of credit allowed by suppliers and to customers-8 weeks Lag in payment as to the tollowings are to be taken into account: Wages-1/8th month: Factory overheads-4 weeks; Administration overheads-4 weeks; Research Expenditure-4 weeks; Selling overheads-4 weeks. [CA, (F

Schedule of Cash Collections of Accounts Receivable Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $300,000 June 370,000 July 530,000 All sales are on account. 53 percent of sales are expected to be collected in the month of the sale, 36% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for May, June, and July. Furry Friends Supplies Inc. Schedule of Collections from Sales For the Three Months Ending May 31   May June July May sales on account:       Collected in May fill in the blank 1     Collected in June   fill in the blank 2   Collected in July     fill in the blank 3 June sales on account:       Collected in June   fill in the blank 4   Collected in July     fill in the blank 5 July sales on account:       Collected in July…

Assume a merchandising company provides the following information from its master budget for the month of May: Sales Cost of goods sold Selling and administrative expenses Accounts receivable, May 1st Accounts receivable, May 31st If all of the company's sales are on account, what is the amount of cash collections from customers included in the cash budget for May? Multiple Choice $109,000 $106,000 $129,000 $ 125,000 $ 90,000 $ 24,000 $ 16,000 $ 35,000 $125,000

KAYAK COMPANYCash Budget JanuaryFebruaryMarchBeginning cash balance$30,000 $30,000  Add: Cash receipts525,000 400,000 450,000 Total cash available555,000 430,000  Less: Cash payments for   All items excluding interest   Interest on loan   Total cash payments0 0 0 Preliminary cash balance   Additional loan (loan repayment)   Ending cash balance   Loan balanceLoan balance - Beginning of month   Additional loan (loan repayment)   Loan balance, end of month$0 $0 $0