Pearson Canvas Cengage Ch22 Assignment @ Help Save & Exit Check my work 3 QS 22-3 (Algo) Sales budget LO P1 05 Grace manufactures and sells miniature digital cameras for $250 each Sales in May were 2.300 units, and management forecasts 3% growin in unit sales each month. (a] Determine the budgeted sales unis of cameras for June (b) Prepare the sales budget for June 18 Bosgoing sales unit Total Budgeted sale3 Check my work QS 22-4 (Algo) Sales budget LO P1 Scora Incorporated sells a single product for $60 per unit. Budgeted sales units for the next three months follow. January February March Budgeted sales units 1, 300 2, 200 1,800 Prepare a sales budget for the months of January. February, and March. SCORA INC. Sales Budget January February March Budgeted sales units Selling price per unit Total budgeted sales ncesCheck my work QS 22-17 (Algo) Schedule of cash receipts LO P2 Liza's budgets sales of $50,000 for May and $57.000 for June. Assume 70% of Liza's sales are for cash. The remaining 30% are credit sales, credit customers pay the entire amount owed in the month following the sale. Prepare the schedule of cash receipts from sales for June. LIZA'S Schedule of Cash Receipts from Sales June Sales $ 57,000 Cash receipts from: Cash sales Collections of prior period sales Total cash receipts 0on Canvas Cengage ssignment Saved Help Save & Exit Submit Check my work QS 22-18 (Algo) Schedule of cash receipts LO P2 X-Tel budgets sales of $66,000 for April, $168,000 for May, and $78,000 for June Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $13,000. Prepare a schedule of cash receipts from sales for April, May, and June X-TEL Schedule of Cash Receipts from Sales April May June Sales $ 66,000 $ 1 168,000 5 78.000 Cash receipts from nces Total cash receipts o$ 0 SCheck my work QS 22-23 (Algo) Cash budget LO P2 Santos Company is preparing a cash budget for February. The company has $11,000 cash at the beginning of February and budgets $72,000 in cash receipts from sales and $112,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $6,000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO. Cash Budget February Beginning cash balance Total cash available Preliminary cash balance Loan activity Ending cash balance Loan balance, end of monthssignment i Help Save & Exit Submit Check my work QS 22-25 (Algo) Budgeted financial statements LO P3 Following are selected accounts for a manufacturing company. For each account, indicate whether it will appear on a budgeted income statement or a budgeted balance sheet. If an item will not appear on either budgeted financial statement, label it neither. Income tax expense Amortization expense Retained earnings Common stock Gross profit ences Sales Raw materials inventory Budgeted cash receiptsment i Submit Check my work QS 22-26A (Algo) Merchandising: Cash payments for merchandise LO P4 Garda purchased $590,000 of merchandise in August and budgets merchandise purchases of $780,000 in September. Merchandise purchases are paid as follows: 30% in the month of purchase and 70% in the month after the purchase. Prepare a schedule of cash payments for merchandise purchases for September GARDA Schedule of Cash Payments for Merchandise Purchases September Merchandise purchases $ 780.000 Cash payments for Current period purchases Prior period purchases Total cash payments for merchandise purchasesssignment i Save & Exit Submit Check my work 3 QS 22-27A (Algo) Merchandising: Schedule of cash payments LO P4 Torres Company budgets merchandise purchases of $15,800 in January, $19,600 in February, and $21,200 in March. For those purpose 50% of purchases are paid in the month of purchase and 50% are paid in the month after the purchase. The company purchased $24,000 of merchandise in December. Prepare a schedule of cash payments for merchandise for the months of January. February, and March. TORRES CO. Cash Payments for Merchandise Purchases January February March Merchandise purchases $ 15,800 $ 19,600 $ 21,200 nces Cash payments for Current period purchases Prior period purchases Total cash payments for purchasesssignment i Help Gave & Exit Submit Check my work QS 22-28A (Algo) Merchandising: Computing purchases LO P4 Raider-X Company budgets sales of 11.000 units for April and 13,000 units for May. Beginning inventory on April 1is 2:000 units, and the company wants to have 30%% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $3. Prepare a merchandise purchases budget for the month of April RAIDER X COMPANY Merchandise Purchases Budget April Budgeted sales units Need period budgeted sales unity Ratio of inventory to future sales Total required units Unita in be purchased Cont por unit cont of muchandde purchases