CourseLover

(12)

$10/per page/Negotiable

About CourseLover

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Engineering,Health & Medical,HR Management,Law,Marketing,Math,Physics,Psychology,Programming,Science Hide all
Teaching Since: May 2017
Last Sign in: 293 Weeks Ago, 1 Day Ago
Questions Answered: 27237
Tutorials Posted: 27372

Education

  • MCS,MBA(IT), Pursuing PHD
    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Management Posted 21 Dec 2017 My Price 10.00

preparing the budgeted balance sheet

3 multiple choice please need quick answering 

1. A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the ________.

schedule of cash payments
inventory, purchases, and cost of goods sold budget
direct materials budget
selling and administrative expenses budget


2. Fulkron, Inc. provides the following data taken from its third quarter budget:

Jul Aug Sep
Cash collections $68,000 $34,000 $42,000
Cash payments:
Purchases of direct materials 31,000 32,000 25,000
Operating expenses 11,000 19,000 20,000
Capital expenditures 0 34,000 7,000

The cash balance on June 30 is projected to be $12,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.

$38,000
$34,000
$13,000
$23,000



3. Chatelain Company is preparing its budget for the third quarter. The cash balance on June 30 was $34,000. Additional budgeted data are provided here:

Jul Aug Sep
Cash collections $52,000 $52,000 $54,000
Cash payments
Purchases of direct materials 19,000 18,000 19,000
Operating expenses 26,000 24,000 27,000
Capital expenditures 11,000 10,000 14,000

What amount should be shown in the cash budget for the cash balance at the end of July?

$30,000
$108,000
$22,000
$86,000

Answers

CourseLover
(12)
Status NEW Posted 21 Dec 2017 03:12 PM My Price 10.00

-----------  ----------- H-----------ell-----------o S-----------ir/-----------Mad-----------am ----------- Th-----------ank----------- yo-----------u f-----------or -----------usi-----------ng -----------our----------- we-----------bsi-----------te -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------ns.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------

Not Rated(0)