Cash payment information a. BZ Corporation pays for 45% of its direct materials purchases in the month of purchase and the remainder the following month. BZ Corporation's direct material purchases for March through June are anticipated to be as follows: March April June $ 114,000 $ 135,000 $ 125.000 $ 146,000 May Quarter b. Direct labour is paid in the month in which it is incurred. Direct labour for each month of the second quarter is budgeted as follows: April May June $ 60,000 $ 70,000 $ 90,000 c. Manufacturing overhead is estimated to be 140% of direct labour cost each month. This monthly estimate includes $31,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: March April May June $ 72,000 $ 88,000 $ 89,000 $ 91.000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $8,000 for monthly depreciation on administrative offices and equipment, and $3,000 for bad debt expense. e. BZ Corporation plans to pay $8,000 (cash) for a new server in May f. BZ Corporation must make an estimated tax payment of $13,500 on June 15. Print Done Homework: Chapter 9 W Scor STM 450f 12 ports Question 10, ED-91A (similar to O Polo 1 www.www..comowy sprang cater to comang ww. The lang water vedere Och the contevedra) Hant tot core Manager with cum for each month for the Save More info annuel Bank U parentheses a mission for negative ending cash balance) Jature Manacturing Combined Cash Budget For More of Myth September July August September Quarte Beginning balance of a Cash collecon Tollash available Cash payments Ending cash lance before financing Cash stromosypted to be 101.000 510 5124 000 respectively Cathayente coming id quarter we projected to b5149.000 in 1564000W 130.000 September The cash balance of the first day of the third to be 35.000 dries Marching has a polythy must maintain a minimum bence of 35.000 The company has a ine of credit with the local bankowe to borrowinden that would amb 25.000. the company has more $25.000 stanowy month had to pay any viding Each more. Wheres Manger on the pro the credited wance. The collerede etters Marcurg wil pay ftssted to me However, the rest rate padaring the budget period is paced to be 15 of primeres inderdang wano of the company detave in standing once the end of the promenit. hentes Medung not have to pay any. Al tre of credit to wings were paid or on the first day of the months of today of the third quarter Marcurg od not have a balance on its line of credit Borrowing Hepayments Interest Payment Ending cash balance Print Done Question 10, E9-31 (almilar to) HW Score: 37.50%, 45 of 12 points O Point of 1 Sa Jas Maraduring produces a variety of industriales. The company is preparing a budget for the upcoming id quart. The following transactions are expected to our Click the icon to view the expected transaction) Requirement 1. Prepare a combined cash budget for detenes Manufacturing for the third with confor each month and for the quartietoa More info Lented bank. Une parentheses oramina sign for negative ending cash balances Jefferies Manufacturing Combined Cash Budget For the More Ju though September July August September Quarte Beginning balance of cash Cash collection Totalsh wallable Cash payments Ending cash balance before financing a Cath collections from sin August, and Setembere projected to be $1.000.550.000 and 12.000 spectively b. Cash payments for the upcoming id quartered to be 100.000 in July 1000 gal September The cable of the test day of the the quarter projected to be 33.000 Jeffres Mancing has a policy that they mustache 35.000 The company has a line of credit with the local bank how to boost the mmm balance of 525.000 e company has more than $25.000 at the end of anymore unds to pay off any outstanding line of credit balance Each month ores Manger on the tre of crede ending are. The actual terut al trattores Manufacturing pay for our How the interest rated during the budget posted to obes of the primera informy balance the company did not have an outstanding back the end of the month, then forses Me not to pay any rest line of credit borrowingsreken or paid off on the first day of the more Alther day of the third quarter, Jofre Marutacluring did not have a balcone foredit Barrowing Rapayments Interest Payments Ending cash balance Print Done for each month and for the quarter total More info Quarte a. Cash collections from sales in July, August, and September, are projected to be $91,000, $158,000, and $124,000 respectively b. Cash payments for the upcoming third quarter are projected to be $143,000 in July, $104,000 in August, and $139,000 in September c. The cash balance as of the first day of the third quarter is projected to be $36,000 d. Jefferies Manufacturing has a policy that they must maintain a minimum cash balance of $25,000. The company has a line of credit with the local bank that allows it to borrow funds in months that it would not otherwise have a minimum balance of $25,000. If the company has more than $25,000 at the end of any given month, it uses the excess funds to pay off any outstanding line of credit balance. Each month, Jefferies Manufacturing pays interest on the prior month's line of credit ending balance. The actual interest rate that Jefferies Manufacturing will pay floats since it is tied to the prime rate. However, the interest rate paid during the budget period is expected to be 1% of the prior month's line of credit ending balance (if the company did not have an outstanding balance at the end of the prior month, then Jefferies Manufacturing does not have to pay any interest). All line of credit borrowings are taken or paid off on the first day of the month. As of the first day of the third quarter, Jefferies Manufacturing did not have a balance on its line of credit. Print Done Save HW for 37.50%, 4.513 Homework Chapter Question 10, E9-31A (similar to Point of 1 Moves. The company was forme coming The respected to Oh the other persons Raument combined cheries Mert the door foreach one or More info de base pare there are mission for negative ending cash balances) Jette Manasturing Card Cash Budget For the Mother July Aroust September Quarte Seggbe death Cash collections Tot able Cash payt Ending cash before financing Chcetonoman pondere tot 01.000.558.000 1124 respecte Chants for coming id quartered a 14.000 5104.000 0.00 September The care oferat day of the Gartentische tee 5.000 Marfiyat yuritan minum 128.000 The company has a line of crediteloc band that low to houden mere man bin 525.000. The company has more than 25.000 end of any work, in to you anyding in for det er her, feries Manufacturer er en ons refretending to the rest eateries Morudung way to refer However, the interested and is geta te formats twee if they did not have an aning test trendere per Mandag not have to pay any rel) Aline of credit torowing when on the first day mo. Att of the Green Margnote abonne Brewing Interest Payment Ending cash balance Print Done Help me solve this Video Get more help Clear Check answer of 12 points Save to Points of 1 Monacturing prodon a varty of noves. The company is preparing the budget for the coming id quanh. The blowing tractions are expected to occur the bon to view the expected transactions) Requirement Le combined wh budget for stories Manufacturing for the third uw with a colume for each month and for a quarter to More info Lensed cells blank sa parentheses or a minus sign for negative ending cash halanos) Jeffries Manufacturing Combed Cash Budget For Morth of July Sepete JULY August September Quarto Beginning balance of such Cash Botections Totalcanhavala Cash payments Ending cash balance before financing a. Cash collections from sales in July August and Setter, we projected to be 50.000 $158.000 and $14.000 respectively Cash payments for the upcoming third quarter we projected to be 5145.000 in 510400 ingatan 538.000 September 6. The cash balances of the first day of the third quarter is projected to be $36.000 dries Manufacturing has a polcy wys maintain a minimum chance of 525.000 The company has a ine of credit with the local bank that low to borrow funds in months that it would not here a minimum balance of $25,000 in the company has more than $25.000 at the end of any more tres funds to pay off any outstanding line of creat balance. Each month.flories Manufacture parenters on the promo Ine of credit ending balance. The actual estate that Jeffres Menuing will pay for incested to pre rate. However, the interest rate ad during the budget period is spected to be 1 of the promote redding balance if the company did not have an obstanding balance at se end of the greement, then Jerteres Manufacture not have to pay any interest Aline of credit borrowings are taken or paid off on the first day of a more so tay of the third quarter Jefferies Manufacturing did not have a balance on its wine of credit Borming Repayments Endine cash balance Print Done Help me this