Please finish the questions below

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Answered Same DayDec 17, 2021

Answer To: Please finish the questions below

Bhavani answered on Dec 18 2021
150 Votes
Budget
Perrier, Inc
Schedule of Budgeted cash collections
Quarterly by months
    
    May
    June
    July
    Total
    March
    $6000
    0
    0
    $6000
     April
    $10500
    7875
    0
    $10500
     May
    $59400
    $20,000
    $15000
    $94400
    June
    0
    $106920
    $36000
    142920
    July
    0
    0
    $118800
    $118800
    Total cash receipts
    $75900
    $134795
    $169800
    $372620
Total sales in March = $8000 / 0.20 = $40,000 * 15/100=$6000
Total sales in April = $21000 / 0.40= $52500 * 20/100 =$10500
Net sales in May = $100000 * 60/100= $60000 *1/100 =$600 :: $60,000 -$600 = $59400
June = $100000 *20/100=$20,000
July = $100000 * 15/100=$15000
Net sales in June = $180,000 *60/100=$108000*1/100=$1080:
$108000 - $1080 = $106920
July =$180,000 * 20/100 =$36000
Net Sales in July = $200,000 * 60/100=$120,000*1/100=$1200
=$120,000 - $1200=$118800

Waycross Manufacturing
Schedule of Cash Disbursements
    
    July
    August
    Total
    Accounts payable
    $44000
    $49000
    $93000
    Payroll
    $127000
    $109,000
    $236000
    Loan payments
    $11000
    $11000
    $22000
    Total disbursement
    $182000
    $169000
    $351000
Accounts payable
June payment in July = $40000 * 50/100 = $20,000
July payment in July = $48000 * 50/100= $24000
Total =$44000
__________________
July payment in August = $48000 * 50/100= $24000
August payment in August =$50,000 * 50/100...
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