22-17
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s22-17 please show your work
S22-17 (similar to) Queston Holp Cross Campaty has $10,500 in cash oe hand n Jauary 1 and has colced a towing budga data mICkck the on to viw the budget data) Assume Croes has cash payments for selling and administrathve epenses induding salries of 64.000 plus cemmissions of 2 % of sales l paid in the menth of sale. The company requires a minimum cash balance of 59000. Prpare a cash bedget for Janusy and Fetrury Will Co need to berow cash by the end of Fetruary? Begin by paparing he cash budgut tor January then prepasa the cash budgut fer Fobruary (Complute all ingut benes. Eser a tor any 2are balances) Cross Company Cash Badget Da Tate Twe Months Ended January 31 and Febrary 2 January Begiing cash baince January Fbruary Cath eceipts Sales 136 000 Cath avalble Cathecepts from cusoe 872,00 861,400 Cash paymer Cashpeyme 561.100 532 393 fr chnd nvery Parchases of merchandse inventory Sg and ade spane Prnt Done Tetel cash payment Fr h lebbrn drrin Ester any umber in the edt Saids and then click Check Answer 2 pans remaining Clear A Check Answer S22-17 (similar to) Queston Holp Cross Campaty has $10,500 in cash oe hand n Jauary 1 and has colced a towing budga data mICkck the on to viw the budget data) Assume Croes has cash payments for selling and administrathve epenses induding salries of 64.000 plus cemmissions of 2 % of sales l paid in the menth of sale. The company requires a minimum cash balance of 59000. Prpare a cash bedget for Janusy and Fetrury Will Co need to berow cash by the end of Fetruary? Begin by paparing he cash budgut tor January then prepasa the cash budgut fer Fobruary (Complute all ingut benes. Eser a tor any 2are balances) Cross Company Cash Badget Da Tate Twe Months Ended January 31 and Febrary 2 January Begiing cash baince January Fbruary Cath eceipts Sales 136 000 Cath avalble Cathecepts from cusoe 872,00 861,400 Cash paymer Cashpeyme 561.100 532 393 fr chnd nvery Parchases of merchandse inventory Sg and ade spane Prnt Done Tetel cash payment Fr h lebbrn drrin Ester any umber in the edt Saids and then click Check Answer 2 pans remaining Clear A Check Answer Assume Cross has cash payments for selling and administrative expenses including salaries of $06,000 plus commissions of 296 of sales by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input baxes. Enter a "0 for an Cross Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Cash receipts Cash available Cash payments: Purchases of merchandise inventory Selling and administrative expenses Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Enter any number in the edit fields and then click Check Answer. 2 parts remaining S22-17 (similar to) Question Help Cross Company has $10,500 in cash on hand on January 1 and has collected the following budget data: (Click the icon to view the budget data.) Assume Cross has cash payments for selling and administrative expenses including salaries of $88,000 plus commissions of 26 of sales, all paid in the month of sale. The company requires a minimum cash balance of $9,000. Prepare a cash budget for January and February. Will Cross need to borrow cash by the end of February? Begin by preparing the cash budget for January, then prepare the cash budget for February. (Complete all input baxes. Enter a " for any zero balances.) Cross Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Cash receipts Cash available Cash payments: Purchases of merchandise inventory Selling and sdministrative expenses Total cash payments Ending cesh balance before financing Minimum cash balance desired Projected cash excess (deficienoy) Enter any number in the edit fields and then click Check Answer 2 parts remaining Check Answer Clear All - X Data Table February January 700,000 1,360,000 $ $ Sales 872,000 851,480 Cash receipts from customers 532.393 581.100 Cash payments for merchandise inventory Done Print