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Can you help me solve 13-33? % A Chapter 13 Planning and Budgeting January February March April May June 12,400 17.800 13,200 14.200 9,600 7,200
Can you help me solve 13-33?
% A Chapter 13 Planning and Budgeting January February March April May June 12,400 17.800 13,200 14.200 9,600 7,200 Required a. Estimate purchases (in units) for January, February, and March. b. Estimate cash required to make purchases in January, February, and March (LO 13.4.5) 13-33. Estimate Purchases and Cash Disbursements Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 12,000 parts in stock, although sales for June are estimated to total 12,900 parts. Total sales of parts are expected to be 10,500 in July and 11,100 in August. Parts are purchased at a wholesale price of $15. The supplier has a financing arrangement by which Lakeside Components pays 60 percent of the purchase price in the month when the parts are delivered and 40 percent in the following month. Lakeside purchased 15,000 parts in May. Required Estimate purchases (in units) for June and July. b. Estimate the cash required to make purchases in June and July. a. (LO 13-5) 13-34. Estimate Cash Disbursements Cascade, Ltd., a merchandising firm, is preparing its cash budget for March. The following infor- mation is available concerning its inventories. Inventories at beginning of March. Estimated purchases for March Estimated cost of goods sold for March. Estimated payments in March for purchases in February Estimated payments in March for purchases prior to February Estimated payments in March for purchases in March $ 378,750 1,485.000 1,518,750 371,250 67,500 60% quired at are the estimated cash disbursements in March? (LO1 35. Estimate Cash Collections ot Corporation is preparing its cash budget for August. The following information is available erning its accounts receivable. imated credit sales for August ual credit sales for luly $180,000 tanStep by Step Solution
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