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Instrument Medical y asider. Fast Areca's Barkhan roqueled a bad balance sheets of Art and combined caballer Art Asianet Moscorte y de ter tomaten Con to wwww Rech Data table Pequirement 1. Show more commoutation des con motory, and energy balances Sign by calculating the contact Cash + Beginning Cash 60.200 22.100 Cotone Cathew Pantan chpades Payments April Manche 2.600 do 100 Aspects of 0.300 de tocar prate of c. 600 4.COM er pri operating experiencing come tax 312.000, 29% e out 1. March 18.00 M00 500.00 Tos of which the other wy LA M200 Al cap de les 7.30 Marcha torta, 139700 rum.007.00 het te 10.00 Eng twentory bar Done Simi Inventory Beginning balance $ 29,700 Add: Purchases 47,100 Less: Cost of goods sold (38,700) $ 38,100 Ending balance Calculate the owners' equity balance. Owners' Equity $ 92,800 Beginning balance Add: Revenues 86,000 Less: Expenses (52,100) $ $ Ending balance 126,700 Prepare the budgeted balance sheet for Instrument Medical Supply at April 30. Instrument Medical Supply Budgeted Balance Sheet April 30 Assets Current assets: Cash $ Accounts receivable 51,200 12,900 38,100 Inventory Total current assets 102,200 Plant assets: Equipment Accumulated depreciation 94,900 (42,300) 52,600 Total assets $ 154,800 Liabilities Current liabilities: Total assets Liabilities Current liabilities: Accounts payable Accrued expenses payable Total liabilities 18,500 9,600 $ 28,100 Owners' Equity Owners' equity 126,700 Total liabilities and owners' equity $ $ 154,800 Requirement 2. Prepare the combined cash budget for April. Instrument Medical Supply Combined Cash Budget For the Month Ended April 30 Beginning cash balance, April 1 $ Plus: Cash collections from customers 40,500 102,300 tunert Mack Supeynoted to atten Pu American stod opted bouncement and protres cash bupate Art Assupos.com er engine Cine con to view the con 01 51200 PurCatholicorum comes Tosh Les her Puch 340 Operating penses 1.2009 Agn egormers 142,200 Ende cancer Requirements went on Suomen become more tieten und welcome to listed for purchase an Aos Mutan bu sort de champion oudend dingue 20.000 foris moment de 12.00 Bedforen por The mount of came to contiene tracing, recording 330.000 din 300 dpi 3.500 Regarement, but gawe bimest udos supehow Anunca Banua wig ra per les sey darse than the 1.000 migranti model nas redes er perdi sit within apucha erection and the other personen we were a. Prepared before we rest or rument or computer can renant Bewerter Can 5 Guild UU Cash Beginning balance $ 40,500 Cash inflows: Cash sales 40,133 Collections 37,800 Cash outflows: (17,500) Payment of May liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment (10,100) (18,500) (42,300) (3,200) Operating expenses paid Ending balance $ 26,833 Calculate the inventory balance. (Round amounts to the nearest whole dollar Inventory Beginning balance $ 29,700 Inventory Beginning balance $ 29,700 Add: Purchases 47,100 Less: Cost of goods sold (25,800) Ending balance $ 51,000 Calculate the owners' equity balance. (Round amounts to the nearest Owners' Equity $ Beginning balance Add: 92,800 Revenues 57,333 Less: Expenses (39,200) Ending balance $ 110,933 Prepare the budgeted balance sheet for Instrument Medical Supply at Ap Instrument Medical Supply Budgeted Balance Sheet April 30 Assets Current assets: Cash Accounts receivable $ 26,833 8,600 51,000 Inventory Total current assets $ 86,433 Plant assets: Equipment Accumulated depreciation 94,900 (42,300) 52,600 Total assets 139,033 Liabilities Current liabilities: Equipment Accumulated depreciation 94,900 (42,300) 52,600 139,033 Total assets S Liabilities Current liabilities: Accounts payable Accrued expenses payable Total liabilities 18,500 9,600 28,100 Owners' Equity 110.933 Owners' equity 139,033 Total liabilities and owners' equity b. Suppose Instrument Medical Supply has a minimum desired cash balance of $18,000. Will the company need to borrow cash in April? The company will not have to borrow cash in April if sales revenue is $57,333. The company's cash balance is $ 8,833 higher than the minimum balance of $18,000. Clan Medical oply to apples torton Anericas Bankas requested a bulito balance sheet of April 30, and a combined with budget turl. As Cass Medical scorerler. you wanted the strong emotion me con to view the formation Read the Requirement, thow tegorie computations for cant. Invertory and we equirem.Bagn byta wire the cash balance Cash Begening balance Data table Cashow Cash sales Mwen prarthane 12,300 mild precielo, 541.502 Cocina t. Fort capital experts 2.200 open for the Cashout e Apocalon pene Payment of March ab Cost of goods so, 45% terore paratroon dading incon 13.200 och wie din cash Cashpurch and the remander redan Payments to produits 1. March 3 397.100 Purchase of g. Mach 1 che, 40.000 h. April 18,000,70 ct when stor forbe cold Operating Apstandhafi My Ending in Aprichten on March 329.200 Aprashanto Marches for Merch purch very 517200 twentory balance 0.700 Lowertoy 51000 forint 60 rodite De pelin Aday Clear all Check and Requirements 1. Prepare the budgeted balance sheet for Class Medical Supply at April 30. Show separate computations for cash, inventory, and owners' equity balances. 2. Prepare the combined cash budget for April. 3. Suppose Class Medical Supply has become aware of more efficient and more expensive) equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April, before financing, if the minimum desired ending cash balance is $17,000? (For this requirement, disregard the $42,200 initially budgeted for equipment purchases.) 4. Before granting a loan to Class Medical Supply, America's Bank asks for a sensitivity analysis assuming that April sales are only $58,667 rather than the $88,000 originally budgeted. (While the cost of goods sold will change, assume that purchases, depreciation, and the other operating expenses will remain the same as in the earlier requirements.) a. Prepare a revised budgeted balance sheet for Class Medical Supply, showing separate computations for cash, inventory, and owners' equity balances, b. Suppose Class Medical Supply has a minimum desired cash balance of $20,000. Will the company need to borrow cash in April? Data table a. March 31 equipment balance, $52,300; accumulated depreciation, $41,500. b. April capital expenditures of $42,200 budgeted for cash purchase of equipment c. April depreciation expense, $400. d. Cost of goods sold, 45% of sales. e. Other April operating expenses, including income tax, total $13,200, 30% of which will be paid in cash and the remainder accrued at April 30. f. March 31 owners' equity, $93,100. g. March 31 cash balance, $40,600. h. April budgeted sales, $88,000, 70% of which is for cash. Of the remaining 30%, half will be collected in April and half in May. 1. April cash collections on March sales, $29,200. j. April cash payments of March 31 liabilities incurred for March purchases of inventory, $17,200. k. March 31 inventory balance, $29,700. 1. April purchases of inventory. $10,900 for cash and $36,300 on credit. Half of the credit purchases will be paid in April and half in May. Class Medical Supply has applied for a loan. America's Bank has requested a budgeted balance sheet as of April 30, and a combined cash budget for April. As Class Medical Supply's controller, you have assembled the following information: Click the icon to view the information.) Read the requirements Requirement 1. Show separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance. Cash Beginning balance 5 Cash inflows: Cash sales Collections Cash outflows: Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment LINE Operating expenses Class Medical Supply has applied for a loan. America's Bank has requested a budgeted balance sheet as of April 30, and a combined cash budget for April. As Class Medical Supply's controller, you have assembled the following information: Click the icon to view the information.) Read the requirements. Requirement 1. Show separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance Cash Beginning balance Cash inflows: Cash sales Collections Cash outflows: Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses Ending balance UNIT Instrument Medical y asider. Fast Areca's Barkhan roqueled a bad balance sheets of Art and combined caballer Art Asianet Moscorte y de ter tomaten Con to wwww Rech Data table Pequirement 1. Show more commoutation des con motory, and energy balances Sign by calculating the contact Cash + Beginning Cash 60.200 22.100 Cotone Cathew Pantan chpades Payments April Manche 2.600 do 100 Aspects of 0.300 de tocar prate of c. 600 4.COM er pri operating experiencing come tax 312.000, 29% e out 1. March 18.00 M00 500.00 Tos of which the other wy LA M200 Al cap de les 7.30 Marcha torta, 139700 rum.007.00 het te 10.00 Eng twentory bar Done Simi Inventory Beginning balance $ 29,700 Add: Purchases 47,100 Less: Cost of goods sold (38,700) $ 38,100 Ending balance Calculate the owners' equity balance. Owners' Equity $ 92,800 Beginning balance Add: Revenues 86,000 Less: Expenses (52,100) $ $ Ending balance 126,700 Prepare the budgeted balance sheet for Instrument Medical Supply at April 30. Instrument Medical Supply Budgeted Balance Sheet April 30 Assets Current assets: Cash $ Accounts receivable 51,200 12,900 38,100 Inventory Total current assets 102,200 Plant assets: Equipment Accumulated depreciation 94,900 (42,300) 52,600 Total assets $ 154,800 Liabilities Current liabilities: Total assets Liabilities Current liabilities: Accounts payable Accrued expenses payable Total liabilities 18,500 9,600 $ 28,100 Owners' Equity Owners' equity 126,700 Total liabilities and owners' equity $ $ 154,800 Requirement 2. Prepare the combined cash budget for April. Instrument Medical Supply Combined Cash Budget For the Month Ended April 30 Beginning cash balance, April 1 $ Plus: Cash collections from customers 40,500 102,300 tunert Mack Supeynoted to atten Pu American stod opted bouncement and protres cash bupate Art Assupos.com er engine Cine con to view the con 01 51200 PurCatholicorum comes Tosh Les her Puch 340 Operating penses 1.2009 Agn egormers 142,200 Ende cancer Requirements went on Suomen become more tieten und welcome to listed for purchase an Aos Mutan bu sort de champion oudend dingue 20.000 foris moment de 12.00 Bedforen por The mount of came to contiene tracing, recording 330.000 din 300 dpi 3.500 Regarement, but gawe bimest udos supehow Anunca Banua wig ra per les sey darse than the 1.000 migranti model nas redes er perdi sit within apucha erection and the other personen we were a. Prepared before we rest or rument or computer can renant Bewerter Can 5 Guild UU Cash Beginning balance $ 40,500 Cash inflows: Cash sales 40,133 Collections 37,800 Cash outflows: (17,500) Payment of May liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment (10,100) (18,500) (42,300) (3,200) Operating expenses paid Ending balance $ 26,833 Calculate the inventory balance. (Round amounts to the nearest whole dollar Inventory Beginning balance $ 29,700 Inventory Beginning balance $ 29,700 Add: Purchases 47,100 Less: Cost of goods sold (25,800) Ending balance $ 51,000 Calculate the owners' equity balance. (Round amounts to the nearest Owners' Equity $ Beginning balance Add: 92,800 Revenues 57,333 Less: Expenses (39,200) Ending balance $ 110,933 Prepare the budgeted balance sheet for Instrument Medical Supply at Ap Instrument Medical Supply Budgeted Balance Sheet April 30 Assets Current assets: Cash Accounts receivable $ 26,833 8,600 51,000 Inventory Total current assets $ 86,433 Plant assets: Equipment Accumulated depreciation 94,900 (42,300) 52,600 Total assets 139,033 Liabilities Current liabilities: Equipment Accumulated depreciation 94,900 (42,300) 52,600 139,033 Total assets S Liabilities Current liabilities: Accounts payable Accrued expenses payable Total liabilities 18,500 9,600 28,100 Owners' Equity 110.933 Owners' equity 139,033 Total liabilities and owners' equity b. Suppose Instrument Medical Supply has a minimum desired cash balance of $18,000. Will the company need to borrow cash in April? The company will not have to borrow cash in April if sales revenue is $57,333. The company's cash balance is $ 8,833 higher than the minimum balance of $18,000. Clan Medical oply to apples torton Anericas Bankas requested a bulito balance sheet of April 30, and a combined with budget turl. As Cass Medical scorerler. you wanted the strong emotion me con to view the formation Read the Requirement, thow tegorie computations for cant. Invertory and we equirem.Bagn byta wire the cash balance Cash Begening balance Data table Cashow Cash sales Mwen prarthane 12,300 mild precielo, 541.502 Cocina t. Fort capital experts 2.200 open for the Cashout e Apocalon pene Payment of March ab Cost of goods so, 45% terore paratroon dading incon 13.200 och wie din cash Cashpurch and the remander redan Payments to produits 1. March 3 397.100 Purchase of g. Mach 1 che, 40.000 h. April 18,000,70 ct when stor forbe cold Operating Apstandhafi My Ending in Aprichten on March 329.200 Aprashanto Marches for Merch purch very 517200 twentory balance 0.700 Lowertoy 51000 forint 60 rodite De pelin Aday Clear all Check and Requirements 1. Prepare the budgeted balance sheet for Class Medical Supply at April 30. Show separate computations for cash, inventory, and owners' equity balances. 2. Prepare the combined cash budget for April. 3. Suppose Class Medical Supply has become aware of more efficient and more expensive) equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April, before financing, if the minimum desired ending cash balance is $17,000? (For this requirement, disregard the $42,200 initially budgeted for equipment purchases.) 4. Before granting a loan to Class Medical Supply, America's Bank asks for a sensitivity analysis assuming that April sales are only $58,667 rather than the $88,000 originally budgeted. (While the cost of goods sold will change, assume that purchases, depreciation, and the other operating expenses will remain the same as in the earlier requirements.) a. Prepare a revised budgeted balance sheet for Class Medical Supply, showing separate computations for cash, inventory, and owners' equity balances, b. Suppose Class Medical Supply has a minimum desired cash balance of $20,000. Will the company need to borrow cash in April? Data table a. March 31 equipment balance, $52,300; accumulated depreciation, $41,500. b. April capital expenditures of $42,200 budgeted for cash purchase of equipment c. April depreciation expense, $400. d. Cost of goods sold, 45% of sales. e. Other April operating expenses, including income tax, total $13,200, 30% of which will be paid in cash and the remainder accrued at April 30. f. March 31 owners' equity, $93,100. g. March 31 cash balance, $40,600. h. April budgeted sales, $88,000, 70% of which is for cash. Of the remaining 30%, half will be collected in April and half in May. 1. April cash collections on March sales, $29,200. j. April cash payments of March 31 liabilities incurred for March purchases of inventory, $17,200. k. March 31 inventory balance, $29,700. 1. April purchases of inventory. $10,900 for cash and $36,300 on credit. Half of the credit purchases will be paid in April and half in May. Class Medical Supply has applied for a loan. America's Bank has requested a budgeted balance sheet as of April 30, and a combined cash budget for April. As Class Medical Supply's controller, you have assembled the following information: Click the icon to view the information.) Read the requirements Requirement 1. Show separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance. Cash Beginning balance 5 Cash inflows: Cash sales Collections Cash outflows: Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment LINE Operating expenses Class Medical Supply has applied for a loan. America's Bank has requested a budgeted balance sheet as of April 30, and a combined cash budget for April. As Class Medical Supply's controller, you have assembled the following information: Click the icon to view the information.) Read the requirements. Requirement 1. Show separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance Cash Beginning balance Cash inflows: Cash sales Collections Cash outflows: Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses Ending balance UNIT