The PINK Company has budgeted sales revenues as follows: Jan Feb March $27,000 18,000 $45,000 $24,000 51,000 $75,000 $18,000 39,000 $57,000 Credit sales Cash sales Total sales Past experience indicates that 60% of the credit sales will be collected in the mouth of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on credit and 50% is paid in the mouth of purchase and 50% in the month following purchase. Budgeted inventory purchases are: $60,000 45,000 21,000 Jan Feb March Other cash disbursements budgeted: (a) selling and administrative expenses of $7,000 each month, (b) dividends of $20,700 will be paid in Feb, and (c) purchase of a computer in March for $6,000 cash. The company wishes to maintain a minimum cash balance of $10,000 at the end of each month. The company borrows money from the bank at 9% interest if necessary to maintain the minimum cash balance. Borrowed money is repaid in months when there is an excess cash balance. The beginning cash balance on Feb 1 was $10,000. Assume that borrowed money in this case is for one month. Required: Prepare a cash budget for the months of Feb and March.

Perez Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that sells laser pointers over the Internet. Perez expects sales in January year 1 to total $210,000 and to increase 20 percent per month in February and March. All sales are on account. Perez expects to collect 68 percent of accounts receivable in the month of sale, 24 percent in the month following the sale, and 8 percent in the second month following the sale. Required Prepare a sales budget for the first quarter of year 1. Determine the amount of sales revenue Perez will report on the year 1 first quarterly pro forma income statement. Prepare a cash receipts schedule for the first quarter of year 1. Determine the amount of accounts receivable as of March 31, year 1. Complete this question by entering your answers in the tabs below. Prepare a sales budget for the first quarter of year 1.

Budgeted cash payments. Would I begin with Cost of Direct materiasl purchase of April-3,010, May-3,650,June-4,015, 2nd Quarter -10,675?

Can you show how you got the numbers for question 6? Can you show me how to prepare the following: Prepare a selling and administrative expenses budget for January Prepare a budgeted income statement for January

Dd.1

Prepare a production budget for the months of April, May, and June.

A merchandiser, provides the following information for its December budgeting process: November 30 inventory 1,620 units Budgeted sales for December 4,050 units Desired December 31 inventory 2,835 units Budgeted purchases in December are:

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,…