Cash But The control of Soma Home Incrucs you to per a monthly cash budou for the next month. You are bed with the followine budou informatie May June July 590,000 $127,000 $162,000 Manufacturing costs 42,000 55,000 58,000 Selling and administrative experi 29,000 34,000 $4,000 36,000 Capital ganduri 39,000 The company expects to sell about 12% of its marchandise for cash of sales on account, 70% are expected to be collected in the month following the sale and the remainder the following month(second month following sale). Depreciation, insurance and property tax expense represent $8.000 of the timated monthly manufacturing costs. The annual insurance premium paid in September, and the annual property taxes are paid in November of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month Current of May 1 include cash of $38,000, marketable securities of $53.000, and accounts receivable of $110,700 (587,000 from April and $23.700 from March ) Sales on account for March and April wire 579,000 and $87.000,o tivly. Current i s as of May 1 include $12.000 of accounts payable curred in and formulacturing costs. All wing and administrative sp a re pad in cash in the period they are curred. An estimated income tax payment of $15.000 will be made in June. Sonoma's regular quarterly dividend of $8,000 is expected to be declared in June and paid in July, Management wants to maintain a minimum balance of 530,000. OOO O O lood FOOD dol Total e nts Cashwane ab of Cash But The control of Soma Home Incrucs you to per a monthly cash budou for the next month. You are bed with the followine budou informatie May June July 590,000 $127,000 $162,000 Manufacturing costs 42,000 55,000 58,000 Selling and administrative experi 29,000 34,000 $4,000 36,000 Capital ganduri 39,000 The company expects to sell about 12% of its marchandise for cash of sales on account, 70% are expected to be collected in the month following the sale and the remainder the following month(second month following sale). Depreciation, insurance and property tax expense represent $8.000 of the timated monthly manufacturing costs. The annual insurance premium paid in September, and the annual property taxes are paid in November of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month Current of May 1 include cash of $38,000, marketable securities of $53.000, and accounts receivable of $110,700 (587,000 from April and $23.700 from March ) Sales on account for March and April wire 579,000 and $87.000,o tivly. Current i s as of May 1 include $12.000 of accounts payable curred in and formulacturing costs. All wing and administrative sp a re pad in cash in the period they are curred. An estimated income tax payment of $15.000 will be made in June. Sonoma's regular quarterly dividend of $8,000 is expected to be declared in June and paid in July, Management wants to maintain a minimum balance of 530,000. OOO O O lood FOOD dol Total e nts Cashwane ab of
