5) Complete the cash budget for February 2023 for BWS Corp. per the table below. Receivable...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
5) Complete the cash budget for February 2023 for BWS Corp. per the table below. Receivable and payable are all due on the second month: Company: BWS Corp. Sales and inventory schedule (forecast) Sales cash sales 60% receivables 40% Cash Budget Beginning cash This month cash sales cash receipts from prior month Total cash in-flow Inventory (COGS at 40%) cash 50% Dec. 2022 $31,000 $12,000 payables 50% Total cash Inventory payment Total cash operating expenses Total cash outflow Net cash flow Ending cash $12,400 6, 200 $6,200 $40,000 2023 forecast January $30,000 $18,000 $12,000 $40,000 $18,000 $12,000 $30,000 $12,000 $6,000 $6,000 $12,200 $14,000 $26,200 $3,800 $43,800 February $32,000 $14,000 5) Complete the cash budget for February 2023 for BWS Corp. per the table below. Receivable and payable are all due on the second month: Company: BWS Corp. Sales and inventory schedule (forecast) Sales cash sales 60% receivables 40% Cash Budget Beginning cash This month cash sales cash receipts from prior month Total cash in-flow Inventory (COGS at 40%) cash 50% Dec. 2022 $31,000 $12,000 payables 50% Total cash Inventory payment Total cash operating expenses Total cash outflow Net cash flow Ending cash $12,400 6, 200 $6,200 $40,000 2023 forecast January $30,000 $18,000 $12,000 $40,000 $18,000 $12,000 $30,000 $12,000 $6,000 $6,000 $12,200 $14,000 $26,200 $3,800 $43,800 February $32,000 $14,000
Expert Answer:
Answer rating: 100% (QA)
To complete the cash budget for February 2023 for BWS Corp we need to use the given data in the sales and inventory schedule forecast to fill in the c... View the full answer
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
Posted Date:
Students also viewed these finance questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Construct a sample space for this experiment and answer the following questions. You can leave your answers as fractions. You also don't have to reduce the fractions. (ex. ) 6 8 a. What is the...
-
G & J Merchandising & More is a family-owned auto-parts store. You are the management accountant of the concern and have been given the task of preparing the cash budget for the business for...
-
Multiple Choice 1. Which of the following concepts are pervasive in the application of generally accepted auditing standards, particularly the standards of field work and reporting? a. Internal...
-
List five services provided by an operating system. Explain how each provides convenience to the users. Explain also in which cases it would be impossible for user-level programs to provide these...
-
State whether each of the following limit forms is indeterminate. Where possible, state the limit. (a) 0/0 (b) / (c) 0/ (d) /0 (e) + (f ) - (g) (h) 0 (i ) 0 0 (j) 0 (k) 0 (l) 1
-
Does it appear that futures prices among currencies (for the closest settlement date) are changing in the same direction? Explain.
-
The comparative statements of McGillis Company are presented here. All sales were on account. Net cash provided by operating activities for 2010 was $220,000. Capital expenditures were $120,000, and...
-
According to Okun's law, if the unemployment rate goes from 6% to 2%, whal will be the effect on the GDP? OA. It will increase by 11%. B. It will decrease by 11%. C. It will increase by 5%. D. It...
-
Question 8 (15 points): It is the end of 2019 and you have just been hired as CFO of BREW Inc, the world's leading maker of home brewing supplies, which plans to have its IPO next year. As one of...
-
Required information [The following information applies to the questions displayed below.] "We really need to get this new material-handling equipment in operation just after the new year begins. I...
-
Given the deposit can be recovered with no damage to the apartment, is the deposit still a sunk cost?
-
Individuals differ in terms of age, gender, ethnicity and culture, problem severity, recovery stage, and level of supervision needed. Individuals also respond differently to different treatment...
-
The following information has been gathered by the Budget Director of the Jennie Company, another outfit managed by the Liza Company. The firm manufactures and sells only one product. The selling...
-
What was the final outcome in the Colin Gourley case? Who is Oliver Diaz and why is he in this documentary? ( note there are 2 parts to this question ) What was the final outcome in Jamie Leigh...
-
Period costs are the, A. same as manufacturing overhead costs. OB. product costs that must be paid in the accounting period in which they are incurred. O C. costs related to production of products....
-
Access the company Statement of financial position below: For the purpose of this question, 20xx refers to the current year while 20xx-1 refers to the previous year and so on. Question: Evaluate th...
-
Give an example of transitory income. What effect does this income have on the marginal propensity to consume?
-
Malone Company produces a product that has a variable cost of $54 per unit and a sales price of $79 per unit. The company's annual fixed costs total $750,000. It had net income of $250,000 in the...
-
Evelyn Carter started Carter Manufacturing Company to make a universal television remote control device that she had invented. The company's labor force consisted of part-time employees. The...
-
The following information was drawn from the year-end balance sheets of Vigotti Company: Account Title 2017 2016 Investment securities...... $ 51,000...... $ 60,000 Equipment......................
-
Identify possible causes for (1) a favorable materials price variance; (2) an unfavorable materials price variance; (3) a favorable materials quantity variance; and (4) an unfavorable materials...
-
Standard cost variances can usually be broken down into two basic types of variances. Identify and describe these two types of variances.
-
Explain the net sales volume variance and list its components.
Study smarter with the SolutionInn App