Question : BE 164 Plack Company budgeted the following information for 2013: MayJuneJuly Budgeted purchases$104,000$110,000$102,000 &# : 1311841

 

BE 164

Plack Company budgeted the following information for 2013:

MayJuneJuly

Budgeted purchases$104,000$110,000$102,000

 

     Cost of goods sold is 40% of sales. Accounts payable is used only for inventory acquisitions.

     Plack purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month.

     Selling and administrative expenses are budgeted at $30,000 for May and are expected to increase 5% per month. They are paid during the month of acquisition. In addition, budgeted depreciation is $10,000 per month.

     Income taxes are $38,400 for July and are paid in the month incurred.

 

Instructions

Compute the amount of budgeted cash disbursements for July.

 

BE 165

Sable, Inc. has budgeted direct materials purchases of $400,000 in March and $500,000 in April. Past experience indicates that the company pays for 60% of its purchases in the month of purchase and the remaining 40% in the next month. Other costs are all paid during the month incurred. During April, the following items were budgeted:

Wages expense$120,000

Purchase of office equipment200,000

Selling and administrative expenses126,000

Depreciation expense18,000

 

Instructions

Compute the amount of budgeted cash disbursements for April.

 

BE 166

Chain Inc. provided the following information:

AprilMayJune

Projected merchandise purchases$92,000$80,000  $66,000

                  Chain pays 40% of merchandise purchases in the month purchased and 60% in the following month.

                  General operating expenses are budgeted to be $31,000 per month of which depreciation is $3,000 of this amount. Chain pays operating expenses in the month incurred.

                  Chain makes loan payments of $4,000 per month of which $450 is interest and the remainder is principal.

 

Instructions

Calculate budgeted cash disbursements for May.

 

BE 167

Beal, Inc. provided the following information:

MarchAprilMay

Projected merchandise purchases$65,000$75,000$80,000

 

                  Beal pays 40% of merchandise purchases in the month purchased and 60% in the following month.

                  General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Beal pays operating expenses in the month incurred.

 

Instructions

Calculate Beal’s budgeted cash disbursements for May.

 

BE 168

The beginning cash balance is $15,000. Sales are forecasted at $800,000 of which 80% will be on credit. 70% of credit sales are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $475,000. Accounts Receivable from previous accounting periods totaling $9,000 will be collected in the current year. The company is required to make a $15,000 loan payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the year is $90,000, and the annual interest rate is 10%.

 

Instructions

Compute the excess of cash receipts over cash disbursements.

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more