The members of Networx Ltd decide to prepare a Cash Budget for November and December 2024. The following information is available:

Use the information provided below to prepare the Cash Budget for October, November, and December2021. Provide separate monetary columns for each month.INFORMATION1. The following data and estimates are available for a project of Fego Limited for September toDecember 2021:September October November DecemberR R R RSales 130 000 110 000 120 000 140 000Wages 40 000 34 000 38 000 39 000Fixed overheads 16 000 16 000 16 000 16 000Variable overheads 16 000 13 000 15 000 17 000Materials purchases 17 000 14 000 16 000 18 0002. Sixty percent (60%) of the sales are expected to be for cash and the balance on credit. Creditcustomers usually pay in the month after the sale.3. Labour costs are paid for in the month in which they are incurred.4. Fixed overheads include R5 000 each month for depreciation and payment is made monthly.5. Variable overheads are paid for in the month after they are incurred.6. Direct materials are purchased by electronic funds transfers each month.7. The cash balance on 01…

SWEET ROYALE INC. Given the following information, construct a Cash Budget for Sweet Royale Inc. for the third quarter of 2023. i) Sales forecasts for the company from April through November 2023: April RM600,000 August RM310,000 May RM650,000 September RM250,000 June RM450,000 October RM860,000 July RM350,000 November RM900,000 The sales are 25% on cash basis and 75% on credit. Collections on credit sales are as follows: 60% are collected within the first month after-sales. 35 % are collected within the second month after-sales 5% are uncollectible iv) Raw materials are purchased two months before sales based on a credit term of 5/35 net 65 and are paid one month after purchase. Purchases are 60% of sales. v) Operating expenses are estimated at: Salaries and wages of RM45,000 every month. Rental of RM5000 every month. Utility amount to 2% of the current month's total sales. vi) The corporate tax is RM35,000 and will be paid in September. vii) The company allocates RM5000 as…

A product manager has responsibility for a single product and is in the process ofsubmitting data to be compiled into budgets for 2019. The manager has performancetargets set in relation to sales volume, profitability levels and a target cash surplus from the product.Shown below are the agreed budgeted sales for the product for December 2018 toMay 2019.Dec Jan Feb Mar April MayUnits 14,000 16,000 22,000 17,000 20,000 24,000The company policy is that, at each month end, the closing stock of finished goods shouldbe 25% of the following month’s forecast sales and the stock of raw material should besufficient for 10% of the following month’s production. Stock levels currently conform tothis policy. One unit of raw material makes one unit of finished stock, there is no wastage.Raw material purchases are paid for during the month following the month of purchase. All other expenses are paid for as incurred. All sales are made on credit and the companyexpects cash receipts for 50% of sales in…

A company has prepared the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Identify the document that contains each of these balances. A. cash B. accounts receivable C. finished goods inventory D. accounts payable E. equipment purchases

Roman Inc. has the following totals from its operating budgets: Prepare a budgeted income statement for the year ended December 31, 2016, assuming that income from operations is taxed at a rate of 30%.

Prepare a budgeted income statement for the month ending March 31, 2016.

Using the information for Crable and Tesch, the systems consultants in P9-3 and P9-4, prepare a budgeted income statement for the year ended December 31, 2016.

Echo Amplifiers prepared the following sales budget for the first quarter of 2018: It also has this additional information related to its expenses: Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018.

owa Imaging Center provided the financial information in Exhibit 5.15 below.  Prepare a cash budget for the quarter ending March 20X1.  For Blackboard you will enter your ENDING cash balance for the months of  January 20X1, February 20X1, March 20X1, and the Quarter ending March 20X1.  I want you to submit your work for this problem by email so I can review the entire document. Exhibit 5-15 Iowa Imaging Center                             Givens               Revenues and Expenses                                   Patient Revenues, 20X0   Estimated Patient Revenues, 20X1     Given 1 October $4,000,000 Given 2 January $4,300,000       November $4,200,000   February $4,350,000       December $4,300,000   March $4,400,000                                     Other Revenues, 20X1   Estimated Cash Outflows, 20X1a     Given 3 January $90,000 Given 4 January $4,250,000…