: Ch 9 Homework Assignment 2 S 5 of 5 (3 complete) HW Score: 39.45%, 19.73 of 50 to X Data Table' Requirements s app ng w the a. March 31 equipment balance, $52,000; accumulated depreciation, $41,900. 1. Prepare the budgeted balance sheet for Note Medical Supply at April 30. Show separate b. April capital expenditures of $42,200 budgeted for cash purchase of equipment. computations for cash, inventory, and owners' equity balances. c. April depreciation expense, $700. 2. Prepare the combined cash budget for April. d. Cost of goods sold, 40% of sales. 3. Suppose Note Medical Supply has become aware of more efficient (and more expensive) separa e. Other April operating expenses, including income tax, total $13,200, 20% of which will be equipment than it budgeted for purchase in April. What is the total amount of cash available Ca paid in cash and the remainder accrued at April 30. for equipment purchases in April, before financing, if the minimum desired ending cash balance is $18,000? (For this requirement, disregard the $42,200 initially budgeted for f. March 31 owners' equity, $92,100. equipment purchases.) g. March 31 cash balance, $40,200. 4. Before granting a loan to Note Medical Supply, Midwest's Commerce Bank asks for a h. April budgeted sales, $87,000, 65% of which is for cash. Of the remaining 35%, half will sensitivity analysis assuming that April sales are only $58,000 rather than the $87,000 be collected in April and half in May. originally budgeted. (While the cost of goods sold will change, assume that purchases, i. April cash collections on March sales, $29,900. depreciation, and the other operating expenses will remain the same as in the earlier J. April cash payments of March 31 liabilities incurred for March purchases of inventory, requirements.) $17,700. a. Prepare a revised budgeted balance sheet for Note Medical Supply, showing separate bilities k. March 31 inventory balance, $29,600. computations for cash, inventory, and owners' equity balances. I. April purchases of inventory, $10,700 for cash and $37,000 on credit. Half of the credit b. Suppose Note Medical Supply has a minimum desired cash balance of $18,000. Will purchases will be paid in April and half in May. the company need to borrow cash in April? credit) ent Print Done Print ' Done