Business, 21.03.2020 00:38 isabelcrosabal

Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30.

a. Beginning cash balance, September 1, $40,000.
b. Budgeted cash receipts from sales in September, $225,000.
c. Raw materials are purchased on account.
Purchase amounts are:
August (actual), $80,000 and September (budgeted), $110,000.
Payments for direct materials are made as follows:
65% in the month of purchase and 35% in the month following purchase.
d. Budgeted cash disbursements for direct labor in September, $40,000.
e. Budgeted depreciation expense for September, $4000
f. Other cash expenses budgeted for September, $60,000
g. Accrued income taxes payable in September, $10,000
h. Bank loan interest payable in September, $1,000

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 09:40

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Answers: 2

Answer

Business, 22.06.2019 10:50

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Answers: 2

Answer

Business, 22.06.2019 13:50

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars

Answers: 2

Answer

Business, 23.06.2019 00:30

How much of your paycheck do you have immediate access to once you deposit it into your bank account a. all of it b. a portion of it c. none of it

Answers: 1

Answer

You know the right answer?

Use the following information to prepare the September cash budget for PTO Co. The following informa...

Questions