2022 Questo 6 Care 3 S 2 e C 1 P E 0 T R Y N U D M F 3 H G K L S 2 M ! ? W X N W B : V X comand OR Command 4. M V THE SAME COMPANY finite teers 0 . 5 f 3 C S a E R T Y N U 0 . P S F G J H D K L M ? W X C V B N i X comm i Command 22 Question of 16 5 8 2 0 a + E R > T Y U P 1 z 0 a G S D F H L 3 J M ? 1 C V B N F * Command op Command 002 Question ED 13 21 3 3 4 5 2 e 6 7 e 1 a 1 a P 0 E . U R Y N F J L H S D G ? X C V N B . * * Command command Final Exam Winter 2022 Question 6 of 8 /10 The Brambit Company is in a seasonal business and prepares quarterly budgets. Its fiscal year runs from January 1 throwch December 31. Production occurs only in the first quarter January to March), Ixt sales take place throughout the year. The sales forecast for the coming year shows the following First quarter Second quarter $480,000 300.000 Third quarter Fourth quarter $480.000 480.000 There are no cash sales, and the beginning balance of receivables is expected to be collected in the first quarter, Subsequent collection are two thirds in the quarter when sales take place and one-third in the following quarter. The company makes materials purchases valued at $398,000 in the first quarter, but makes no purchases in the last three quarters. It males payment when it purchases the materials Director of 5354.000 is incurred and paid only in the first quarter Factory overhead of $338.000 is also incurred and paid in the first quarter and is at a standby level of $99.000 during the other three quarters Selling and administrative expenses of $36,000 are paid cach quarter throughout the year Bramble has an operating line of credit with its bank at an interest rate of 5% per annum The company plans to keep a cash balance of at least 510.000 at all times, and it will borrow and repay in multiples of $5,000. It makes horrowings at the beginning of a quarter and makes all payments at the end of a quarter It pays interest only on the portion of the loan that it repays in a quarter ponor PIOS 012. A 046_2-Y Show All - / 10 Question 6 of 8 Direct labour of 5354,000 is incurred and paid only in the first quarter Factory overhead of $338.000 is also incurred and paid in the torst quarter and is at a standby level of $99.000 during the other three quarters. Selling and administrative expenses of 536,000 are paid each quarter throughout the year Bramble has an operating line of credit with its bank at an interest rate of 5% per annum. The company plans to keep a cash balance of at least $10,000 at all times, and it will borrow and repay in multiples of $5.000. It makes it borrowings at the beginning of a quarter and makes al payments at the end of a quarter. It pays interest only on the portion of the loan that it repas in aquarter The company plans to purchase equipment in the second and fourth quarters for $71,000 and $150.000, respectively. The cash balance on January 1 is 526,000 and accounts receivable total $151.000 Prepare a cash budget for the year Show receipts, disbursements, the ending cash balance before borrowing the amounts borrowed and repaid interest payments and the ending cash balance. (Round answers to the nearest whole dotter, es 5.275.) THE BRAMBLE COMPANY Cash Budget For the Four Quarters Ending December 31 2 Bleine cashb SM uport IMUS-YO.. P1043A 012.docx Question 6 of 8 For the Four Quarters Ending December 31 1 When it in ti HN Ad Recept Accounts receive Credits Credits and Creditcard Credits Totalcarcits SA pot P10-48A 012.docx M69462-Yout 2 . 3 Final Exam Winter 2022 > ./10 E 1 Question 6 of 8 Cand O tasheet Disture 3000 Material purchase Director Factory ort Show MUSY 10-534 012.docx non + Final Exam Winter 2022 -/10 ! > Question 6 of 8 4 Director Pad Selling and strive hopen Totalcahuemer Ecco chcecah drames Financing Borrow Het potopt PIO-A 012.docx MIMO 2.0 MM ACAO an v CON O 02:12:36 6 Final Exam Winter 2022 - / 101 Question 6 of 8 cence Cashstum Rent Interest Tutanche 94 findinh Attempts of 1 used Submit A State Last saved 51 test Saved work will be to submitted on the due date Auto Sutmission can take up to 10 minutes SAR BPO-3A 012.doc pl WMS46_2.YO 2022 Questo 6 Care 3 S 2 e C 1 P E 0 T R Y N U D M F 3 H G K L S 2 M ! ? W X N W B : V X comand OR Command 4. M V THE SAME COMPANY finite teers 0 . 5 f 3 C S a E R T Y N U 0 . P S F G J H D K L M ? W X C V B N i X comm i Command 22 Question of 16 5 8 2 0 a + E R > T Y U P 1 z 0 a G S D F H L 3 J M ? 1 C V B N F * Command op Command 002 Question ED 13 21 3 3 4 5 2 e 6 7 e 1 a 1 a P 0 E . U R Y N F J L H S D G ? X C V N B . * * Command command Final Exam Winter 2022 Question 6 of 8 /10 The Brambit Company is in a seasonal business and prepares quarterly budgets. Its fiscal year runs from January 1 throwch December 31. Production occurs only in the first quarter January to March), Ixt sales take place throughout the year. The sales forecast for the coming year shows the following First quarter Second quarter $480,000 300.000 Third quarter Fourth quarter $480.000 480.000 There are no cash sales, and the beginning balance of receivables is expected to be collected in the first quarter, Subsequent collection are two thirds in the quarter when sales take place and one-third in the following quarter. The company makes materials purchases valued at $398,000 in the first quarter, but makes no purchases in the last three quarters. It males payment when it purchases the materials Director of 5354.000 is incurred and paid only in the first quarter Factory overhead of $338.000 is also incurred and paid in the first quarter and is at a standby level of $99.000 during the other three quarters Selling and administrative expenses of $36,000 are paid cach quarter throughout the year Bramble has an operating line of credit with its bank at an interest rate of 5% per annum The company plans to keep a cash balance of at least 510.000 at all times, and it will borrow and repay in multiples of $5,000. It makes horrowings at the beginning of a quarter and makes all payments at the end of a quarter It pays interest only on the portion of the loan that it repays in a quarter ponor PIOS 012. A 046_2-Y Show All - / 10 Question 6 of 8 Direct labour of 5354,000 is incurred and paid only in the first quarter Factory overhead of $338.000 is also incurred and paid in the torst quarter and is at a standby level of $99.000 during the other three quarters. Selling and administrative expenses of 536,000 are paid each quarter throughout the year Bramble has an operating line of credit with its bank at an interest rate of 5% per annum. The company plans to keep a cash balance of at least $10,000 at all times, and it will borrow and repay in multiples of $5.000. It makes it borrowings at the beginning of a quarter and makes al payments at the end of a quarter. It pays interest only on the portion of the loan that it repas in aquarter The company plans to purchase equipment in the second and fourth quarters for $71,000 and $150.000, respectively. The cash balance on January 1 is 526,000 and accounts receivable total $151.000 Prepare a cash budget for the year Show receipts, disbursements, the ending cash balance before borrowing the amounts borrowed and repaid interest payments and the ending cash balance. (Round answers to the nearest whole dotter, es 5.275.) THE BRAMBLE COMPANY Cash Budget For the Four Quarters Ending December 31 2 Bleine cashb SM uport IMUS-YO.. P1043A 012.docx Question 6 of 8 For the Four Quarters Ending December 31 1 When it in ti HN Ad Recept Accounts receive Credits Credits and Creditcard Credits Totalcarcits SA pot P10-48A 012.docx M69462-Yout 2 . 3 Final Exam Winter 2022 > ./10 E 1 Question 6 of 8 Cand O tasheet Disture 3000 Material purchase Director Factory ort Show MUSY 10-534 012.docx non + Final Exam Winter 2022 -/10 ! > Question 6 of 8 4 Director Pad Selling and strive hopen Totalcahuemer Ecco chcecah drames Financing Borrow Het potopt PIO-A 012.docx MIMO 2.0 MM ACAO an v CON O 02:12:36 6 Final Exam Winter 2022 - / 101 Question 6 of 8 cence Cashstum Rent Interest Tutanche 94 findinh Attempts of 1 used Submit A State Last saved 51 test Saved work will be to submitted on the due date Auto Sutmission can take up to 10 minutes SAR BPO-3A 012.doc pl WMS46_2.YO