Question : 88.A plan that shows the expected cash inflows and cash : 1258641

 

88.A plan that shows the expected cash inflows and cash outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans, is called a(n):   

A. Capital expenditures budget.

B. Operating budget.

C. Rolling budget.

D. Cash budget.

E. Income statement.

89.Which of the following accounts would appear on a budgeted balance sheet?   

A. Income tax expense.

B. Accounts receivable.

C. Sales commissions.

D. Depreciation expense.

E. All of the choices are correct.

90.Which of the following budgets is not completed before a cash budget is prepared?   

A. Capital expenditures budget.

B. Sales budget.

C. Merchandise purchases budget.

D. General and administrative expense budget.

E. Budgeted income statement.

91.Which of the following would not be used in preparing a cash budget for October?   

A. Beginning cash balance on October 1.

B. Budgeted sales and collections for October.

C. Estimated depreciation expense for October.

D. Budgeted salaries expense for October.

E. Budgeted capital equipment purchases for October.

92.Western Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must:   

A. Borrow $4,500.

B. Borrow $2,500.

C. Borrow $10,000.

D. Repay $7,500.

E. Repay $2,500.

93.A managerial accounting report that presents predicted amounts of the company’s assets, liabilities, and equity as of the end of the budget period is called a(n):   

A. Rolling balance sheet.

B. Continuous balance sheet.

C. Budgeted balance sheet.

D. Cash balance sheet.

E. Operating balance sheet.

94.Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:    

A. $13,300.

B. $137,800.

C. ($13,700).

D. $3,300.

E. $27,000.

95.Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:    

A. $0.

B. $10,000.

C. $6,700.

D. $7,000.

E. $27,700.

96.Frankie’s Chocolate Co. reports the following information from its sales budget: 

Expected Sales:July$90,000

August104,000

September120,000

Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:   A. $30,000.

B. $78,000.

C. $108,000.

D. $120,000.

E. $130,500.

97.Junior Snacks reports the following information from its sales budget: 

Expected Sales:October$143,000

November151,000

December187,000

All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be received from customers in November is:    

A. $146,200.

 

B. $85,800.

C. $151,000.

D. $236,800.

E. $60,400.

 

 

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