Use the following information: Beginning cash balance on March 1, $78,000. Cash receipts from sales, $301,000. Budgeted cash payments for direct materials, $140,000. Budgeted cash payments for direct labor, $71,000. Other budgeted cash expenses, $40,000. Cash repayment of bank loan, $10,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected on March 31.

The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash $ 9,300 $ 3,000 $ 40,000 $ 16,200 $ 3,000 $ 5,000 Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings The beginning balance of retained earnings was $29,000, net income is budgeted to be $19,000, and dividends are budgeted to be $5,600.

You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $56,600. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account October $ 71,200 $ 440,000 November $ 73,400 December $ 86,200 $ 576,000 $ 639,000 Sales on account are collected over a three-month period as follows: 20% collected in the month of sale, 60% collected in the month following sale, and 18% collected in the second month following sale. The remaining 2% is uncollectible. c. Purchases of inventory will total $315,000 for December. Thirty percent of a month's inventory purchases are paid during the month of purchase. The accounts payable remaining from November's inventory purchases total $181,500, all of which will be paid in December. d. Selling and administrative expenses are budgeted at $522,000…

Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month of March 2021 with expected balance at the end. Beginning cash balance on March 1= $82,000 Cash repayment of bank loan= $18,000 Other budgeted cash expenses= $39,000 Cash receipts from sales= $315,000 Budgeted cash disbursements for salaries=$83,000 Budgeted cash disbursements for purchases=$146,000

Verle, Inc. has a cash balance of $24,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: Cash collections Cash payments: Purchases of direct materials Operating expenses Apr May Jun $24,000 $24,000 $25,000 5,800 4,600 4,600 6,000 3,500 5,300 There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May. OA. $60,200 OB. $24,000 OC. $52,100 OD. $55,600

Preparation, evaluation and use of cash budget Description: Grenoble Enterprises had sales of $50,000 in March and $60,000 in April. Forecasted sales in May, June, and July are $70,000, $80,000, and $100,000, respectively. On May 1, the company has a cash balance of $5,000 and wants to maintain a minimum cash balance of $5,000. Using the following data, prepare and interpret, in an organized and detailed table, a cash budget for the months of May, June, and July. The company makes 20% of its sales in cash, collects 60% the following month and collects the remaining 20% ​​in the second month after the sale. The company receives another income of $2,000 per month. The amounts of the company's actual or expected purchases, all in cash, are $50,000, $70,000, and $80,000 in the months of May through July, respectively. The rent is $3,000 per month. Salaries and salaries correspond to 10% of sales from the previous month. Cash dividends of $3,000 will be paid in June. A principal and…

Laurey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $45,100. Budgeted cash receipts total $129,000, and budgeted cash disbursements total $134,000. The desired ending cash balance is $60,000. To attain its desired ending cash balance for June, the company needs to borrow:

Your Company is working on its cash budget for July. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $174,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for July?   Group of answer choices $  45,000 $221,000 $  50,000 $    1,000 $  47,000

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Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: Total cash receipts Total cash disbursements 1st Quarter $ 180,000 $ 260,000 Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Interest 2nd Quarter $ 330,000 $ 230,000 The company's beginning cash balance for the upcoming fiscal year will be $20,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded. Required: Prepare the company's cash budget for…