20 Homework Help Save & Ext Submit 1. Check my world Tyler Co. predicts the following unit sales for the next four months: April, 3,500 units; May, 4.200 units; June 6,600 units; and July, 2,300 units. The company's policy is to maintain finished goods inventory equal to 30% of the next month's sales. At the end of March, the company had 500 finished units on hand. Prepare a production budget for each of the months of April, May, and June. 33.33 points Skipped Book Tyler Co. Production Budget April, May and June April Next month's budgeted sales (units) References May June % 0 Units to be produced 0 0 0 Me Gaw Prev 1 of 3 !!! Next > stv 0 22 Chapter 20 Homework Saved Help Save & Exit Submit Check my work 2 Karim Corp. requires a minimum $9,600 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $10,000, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow 33.33 points Skipped Cash receipts Cash payments July $25,600 30,400 August September $33,600 $41,600 31,600 33,600 Book Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar) References KARIM CORP Cash Budget For July August, and September July August $ 10,000 September Beginning cash balance Total cash available Preliminary cash balance Mc Graw Hill 22 --- stv Apps Bookmarks New Tab Chapter 20 Homework Saved Help Save & Exit Subs Check my work HH Hwy METROS 2 33.33 points KARIM CORP Cash Budget For July, August, and September July August $ 10,000 September Skipped Beginning cash balance Total cash available Book References Preliminary cash balance Ending cash balance Loan balance s 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month MC Graw HIHI v 20 Homework Seved Help Save & Exit Submit Check my work 3 33.34 points Foyert Corp, requires a minimum $6,100 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $6,100 and the company has an outstanding loan of $2,100. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. October November December Cash receipts $22,100 $16,100 $20,100 Cash payments 24,150 15,100 15,900 Skipped eBook Prepare a cash budget for October, November, and December (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) References FOYERT CORP Cash Budget For October, November, and December October November Beginning cash balance $ 6,100 December Total cash available Preliminary cash balance Mc GEW HII