1. The treasurer of Yoda Inc. needs to estimate cash collections from accounts receivable for September, October, and November 2021. Forty percent of the company's customer's pay in cash the rest are credit customers. The collection pattern for the credit customers is 25% in the month of the sale and 75% in the following month. They have zero uncollectible accounts. Estimated total sales are as follows: August $70.000 September $80.000 October $85,000 November $100.000 a. What is Yoda's cash collections for September, October, and November? September cash collections: - October cash collections: 2. Muddy Waters Industries has projected sales of its product for the next 6 months: January 300 units February 700 units March 1,000 units April 1.000 units May 400 units June 300 units Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the month's budgeted sales reveme. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of next month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April 3. The selling and administrative expense budget of Ruffing Corporation is based on budgeted unit sales, which are 4.000 units for February. The variable selling and administrative expense is $8 per unit. The budgeted fixed selling and administrative expense is $78.000 per month, which includes depreciation of $11.000 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the February selling and administrative expense budget should be: 4. A management accountant was working on a cash budget for Boone Company when he accidentally spilled his coffee. Some of the liquid splattered on his working papers, rendering a few of the amounts illegible. The budget with missing amounts indicated is provided below: Boone Company Cash Budget For the Quarter Ended March 31 January February March Section 1: Cash Receipts Beginning cash balance $ 6.000 (1) (k) Add: Cash receipts (a) 187,000 255.000 Total cash available $ 260.000 (1) Section 2: Cash Payments For inventory purchases For S&A expenses For asset purchases For interest expenses Total disbursements $ 127.000 (b) 37.000 $ 113.000 67.000 37.000 0 $ 217.000 $ 118,500 69.000 37.000 (m) $ 225.170 $ 240.000 2 Section 3: Financing Activities Surplus (shortage) Borrowing repayments Ending cash balance (h (1) so The company desires to maintain an ending cash balance of at least $7,000 each month. In month in which there is cash shortage, the company's bank will extend it a loan equal to the any shortage amount. The loan is assumed to have been made on the last day of the month. Any time the company has a cash surplus it must repay as much of any outstanding loans as possible. The bank charges monthly interest of 1% on any outstanding loan balance, Required: Compute the missing amounts for items (a) through (p) (show work) (a) $ (1) $ (b) $ G) $ (C) $ (k) $ (d) $ (1) $ (e)s (m) s ( $ (m) (9) S (0) S (h) s PS 5. Archer's cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2021 accounting period: Sales Revenue $64,000 Variable Costs (34.000) Contribution Margin $30,000 Fixed Costs (20.000) Net Income $10.000 a. If Archer's sales manager were to prepare a flexible budget for expected activity of 4,300 units, budgeted net income on this flexible budget would be? If Archier actually produced and sold 4.300 units at $20 each. what is the sales revenue activity volume variance? Indicate favorable /unfavorable variances