Unit 6-Managerial Acc WileyPLUS e Search Textbook Solutic eChegg Customer Servic

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Unit 6-Managerial Acc WileyPLUS e Search Textbook Solutic eChegg Customer Service eCheggStudy I Guided S: × x x x ? ? ·C à Secure I https://edugen.wileyplus.com/edugen/lti/main.uni Apps BibleGateway.com: A Concordia University OCLC WorldShareBlackboard Importeom IE Zimmerman Library Databases ConcordConcordia University WileyPLUS Kimmel, Accounting: Tools for Business Decision Making, 5e CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES (6) Unit 6 Homework ? (b) Prepare a cash budget for January and February in columnar form Problem 21-44 (Pa evel Submission COLTER COMPANY Cash Budget For the Two Months Ending February 28, 2014 Janua Februa ar evel submission) udy Review Resu Objective LINK TO TEXT VIDEO: SIMILAR PROBLEM 1:52 PM 4/24/2018

Explanation / Answer

Cash Budget for January & February 2014:

64,746

449,625

463,613

50,758

59,950

Particulars January February Opening Balance : 71,940

64,746

Receipts : Collections from Customers 387,277 442,431 Notes Receivable 17,985 - Sale of Securities - 7,194 Total Receipts : 405,262

449,625

Payments : Direct Material Purchase (60% of Cur + 40% of Prev) 127,094 146,278 Cash Dividend - 5,595 Direct Labour 107,910 119,900 Manufacturing Overhead 83,930 89,925 Selling & Admin. Expenses (Excl. Depri.) 93,522 101,915 Total Payments : 412,456

463,613

Closing Balance : 64,746

50,758

Borrow/(Invest) (To fulfill Min. Balance Requirement) : - 9,192 Closing Balance (Sub. to Min. of 59,950) : 64,746

59,950

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