Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Expected cash collections in december are

16/04/2021 Client: muhammad11 Deadline: 2 Day

Question 1

Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for the second quarter given below:

April

May

June

Total

Budgeted sales (all on account)

$490,000

$690,000

$220,000

$1,400,000

From past experience, the company has learned that 25% of a month’s sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $420,000, and March sales totaled $450,000.

Required:

1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.

2. What is the accounts receivable balance on June 30th?

Question 2

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:

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Total cash receipts

$

280,000

$

400,000

$

330,000

$

350,000

Total cash disbursements

$

344,000

$

314,000

$

304,000

$

324,000

The company’s beginning cash balance for the upcoming fiscal year will be $45,000. 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 the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.)

Question 3

Required information

[The following information applies to the questions displayed below.]

Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company’s balance sheet as of June 30th is shown below:

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Class Engineers
Online Assignment Help
Quality Homework Helper
Top Rated Expert
ECFX Market
Pro Writer
Writer Writer Name Offer Chat
Top Class Engineers

ONLINE

Top Class Engineers

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$27 Chat With Writer
Online Assignment Help

ONLINE

Online Assignment Help

Give me a chance, i will do this with my best efforts

$21 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$30 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$20 Chat With Writer
ECFX Market

ONLINE

ECFX Market

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$39 Chat With Writer
Pro Writer

ONLINE

Pro Writer

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$25 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Dantes inferno worldly splendors - Evs worksheet for class 2 - Discussion / read chapter 1 / around 300 words / answer and comment / need within 10 hours - Electrical construction work breakdown structure - Community Health Case 2 - MANAGER ROLE - Mcdonalds application print out - Access control assignment 7 - Week 2 dis FIN - Ls dyna theory manual - St peter food coop - Culture in Nursing week 4 DQ # 2 - Fine - What is the poem comin thro the rye about - Advantages of a multicultural society and labor force - Why necking occurs in tensile test - Buzz lightyear intro speech - How to write recommendation report examples - Mathematics a discrete introduction ebook - The company's facility for assembling cameras is located in - London colney primary school - Body balance 72 tracklist - Discussion - 1 - Operations Security - Time management - Should executions be televised essay - Www a4esl org vocabulary - Cereal box marketing project - Data are made anonymous by - Arm span vs height data - Inventory control at wheeled coach case study answers - Is hacking that does no direct damage a victimless crime - What is an appendix report - Non literary text types - I need 600 words on Human Resource Management 6011 - Discussion - Sikhism cosmogony origin of the universe - Who is good at economics? - Creating outline for essay - Botticelli's landmark painting the birth of venus - Bradford grammar term dates - Identify learning styles and generational characteristics - 1000 words paper for Environmental Economics - Research questions about apartheid - Discussion 1: Future Career Goals - SOCS185N: Culture and Society - Zinc 66 protons neutrons electrons - Coles job resume sample - Shadow health focused assessment cough - Wk 1 dis 6053 - Sbcglobal email password reset - Which of the following has zero dipole moment - Edu 620 week 6 assignment - Forecasting simulation pearson gas answers - Week 5 assignment essay ideal citizen in a totalitarian government - Cbus fund name and address - Nursing multidimensional care2 - Financial accounting ll w myaccountinglab - Effects of epinephrine during attempted resuscitation - Database system - Vhi plans company plan plus - All bakery products list - Troy cook jr lazy american dream - Sola sdn 10 24 100c manual - Technology project proposal example - Titration gizmo answer key activity a - Benchmark ethical dilemmas abortion evaluation - Newcastle accounting and finance - The need for alignment of corporate objectives and expat's assignment - Monash abroad study plan - Equilibrium and le chatelier's principle lab - Pedagogy of the oppressed discussion questions - K3 creative center humble tx - Mt lawley pet shop - Discussion 5 - Education scotland food for thought - Which of the following best describes yongshua usa, llc? - Keys to college success 8th edition free download - Addition of bromine to cyclohexene - Gender in the classroom deborah tannen pdf - Edward taylor upon a spider catching a fly - Normalmente pido tacos voy al restaurante los lunes - Galvanic spa before and after - Boeing 747 8 top speed - Why is there no electric field inside a conducting sphere - Ocean commotion catastrophe at sea song - St martin guide to writing 8th edition pdf - How is the total magnification of a microscope calculated - Paper - Escoge la opción que mejor resume el cortometraje - Companies that use personal selling - Traffic simulation java source code - Solve the following - Determine the external wind pressure on the roof - Australian competitive grants register - Assignment 1.1: Conflicting Viewpoints Essay - Part I - Arctan odd or even - Which temporary codes are used for durable medical equipment - Submission ○ For each problem below, submit file(s) electronically to Blackboard according to description. - 90 day bank bill australia - English