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

Silver company makes a product

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

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.)

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:

Phd Writer
Smart Accountants
Financial Hub
Engineering Help
Assignment Guru
Calculation Master
Writer Writer Name Offer Chat
Phd Writer

ONLINE

Phd Writer

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

$44 Chat With Writer
Smart Accountants

ONLINE

Smart Accountants

I will cover all the points which you have mentioned in your project details.

$28 Chat With Writer
Financial Hub

ONLINE

Financial Hub

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

$45 Chat With Writer
Engineering Help

ONLINE

Engineering Help

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

$22 Chat With Writer
Assignment Guru

ONLINE

Assignment Guru

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

$25 Chat With Writer
Calculation Master

ONLINE

Calculation Master

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

$48 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

Discussion 6 - Techniques of communication slideshare - Apply: Signature Assignment: Smart Parking Space App Presentation - Conceptual framework for survey research - Msdtc openservice error 5 access is denied - Safe approach distances victoria - Ethics in psychology worksheet - Gestalt exercises and experiments - Gestalt psychology case study - HRM 533 - Systems analysis and design in a changing world 6th edition - 5 guidelines for developmentally appropriate practice - Anjolie perfume - What type of narrator is nick carraway - Coffee shop organizational chart - Bsa standard curve protocol - Grant Era and New South Assignment - Blood type punnett square - International journal of design - Facilitating empowerment in disability - Describe your mother and father's parenting style - Marketing Assignment - Audit working paper template - Pavel tsatsouline height weight - Read and respond-CH 9 - Nursing Project - The outsiders chapter 7 8 summary - #4 Project review - Which of the following statements is true of cooperative advertising - Essay - Dichotomous keys are constructed based on - Everyday use assessment answers - Virtual Medical Receptionist: Streamlining Patient Interaction - Problem cause solution speech ideas - Unilever sustainable living plan case study - Optimizing the performance of a pipelined processor - Gaines Literary Award Submission Deadline Aug. 31 - Policy and legal_10 - What is the diameter of mercury - HCS370 - How to cite a screenplay mla - University of phoenix learning team charter example - Myra levine biography - Nursing Discussion - Dq commercial look into my uvula - Input and output devices for kids - Mgmt 591 course project - Access control authentication and public key infrastructure second edition - Business-Level and Corporate-Level Strategies - Fema history timeline - Sigma aldrich irvine scotland - ACG4842 - Writing Project Part 2 - Interaction design jenny preece pdf - Ted talks the hidden power of smiling - Selection pressure peppered moths - Dbm 380 week 2 team assignment - Essay - What is integrity interview question - Yamaha stagepas 300 phantom power - Eric foner give me liberty study guide - Real time physics lab 2 homework answers - Final Project Paper - South australia stamp duty - Dc machine no load test - JAVA Programming - Snow leopard enclosure design - Business growth overview dataset - Humanities assignment - After baptism what next - Common divine role that recurs in world mythology - Cowboys don't cry trailer - Bourke high school staff - Psychology activities for students - Greg norman and wife - Education as a social institution - Marketing - Nyx medical billing company in bangalore - Experiment 1 determining the chemical formula for copper gluconate - Find a piece of online writing that uses information unethically - Let x be a random variable with cumulative distribution function - Lockheed martin systems engineer - In lmx leaders treat followers - As the second in command at the organization, Formulate a case statement with a recommendation to the police chief or prison warden which highlights a community issue you are aware of which may have political implications - Periodic table practice worksheet - The origin and predominant philosophy of the juvenile system - Research paper - Inside job movie reaction paper - Which of the following italicized words is correctly capitalized - Bank simulation java - What is a characteristic of a hot swappable esata drive - Corptrain phoenix edu - A 90 kg person rides a spinning amusement park ride - Like dreaming backwards monologue natalie - 100 point vehicle inspection checklist pdf - Exam on aleks - James hardie tile underlay installation - Advantages and disadvantages of database - 6 handed preflop charts - Tree writing strategy graphic organizer - Human resource planning case study ppt