exercise 7-9 managerial accounting chapter 9

011 x x A F G H I Exercise 7 Your Co, collects 50% of its sales in the month of the sale, 30% the following month, and 20% in the second month after the sale. Calculate budgeted cash receipts for March and April January February March April May Cash receipts in March Cash receipts in April Exercise 8 Your Co. pays 60% of its purchases in the month of the purchase and 40% the following month. Calculate budgeted cash disbursements from purchases. mm January February March April May June March disbursements for purchases April disbursements for purchases May disbursements for purchases Exercises Prepare the monthly cash budget assuming Yo Co wants to maintain a minimum cash balance of $100. Yo Co. pays interest monthly based on that month's beginning loan balance. Ust disbursements in the order they're given Nov Dec Beginning cash balance 100.00 Depreciation expense 250.00 250.00 A 7-9 10-12 DQ QS AutoSaver sus = Home Insert Draw Page Layout Formulas Data Review View Calibri (Body) 11 A A = 23 Wrap Text Paste & B Iureravau 3 Merge & C Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Update D43 x fx B D G H I June 50 March disbursements for purchases April disbursements for purchases May disbursements for purchases Prepare the monthly cash budget assuming Yo Co wants to maintain a minimum cash balance of $100. Yo Co. pays interest monthly based on that month's beginning loan balance. List disbursements in the order they're given. Noy Dec Beginning cash balance 100.00 Depreciation expense 250.00 250.00 Equipment purchase 75.00 Loan balance (24% annual rate) 250.00 Other cash expenditures 150.00 165.00 Payments to suppliers 350.00 420.00 Receipts from customers 1,000.00 800.00 Salary payments 100.00 100.00 November December Cash Receipts: Cash Disbursements Show disbursements as negatives