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HELLO PLEASE ONLY SOLVE FOR H-J. Ive addd the other images for reference!!! :) Complete this question by entering your answers in the tabs below.

HELLO PLEASE ONLY SOLVE FOR H-J. Ive addd the other images for reference!!! :)

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Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Required G Camden borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $6,000 cash cushion. Prepare a cash budget. (Any repayments/shortage which should be indicated with a minus sign.) Show less A Cash Budget October Novomber December Section 1: Cash Receipts Beginning cash balance Add: Cash receipts Total cash available 0 0 0 Section 2: Cash Payments For inventory purchases For selling and administrative expenses Purchase of store fixtures Interest expense Total budgeted disbursements 0 0 0 Section 3: Financing Activities 0 0 0 $ 0 $ 0 $ 0h. Prepare a pro forma income statement for the quarter. i. Prepare a pro forma balance sheet at the end of the quarter. j. Prepare a pro forma statement of cash flows for the quarter. Complete thls question by enterlng your answers In the tabs below. ReqUirEd H Prepare a pro forma income statement for the quarter. Sales revenue 405,600 Cost of goods sold 243,480 Gross margin 162,320 Selling and administrative expenses 72,506 Operating income 89,814 Interest expense et income 89,814 W Required I Required I Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted should be indicated by a minus sign.) Required H Required I Required J Prepare a pro forma statement of cash flows for the quarter. (Amounts to be deducted should be indicated by a minus s CAMDEN COMPANY Pro Forma Statement of Cash Flows For the Quarter Ended December 31, Year 1 Cash flows from operating activities Net cash flows from operating activities 0 Cash flows from investing activities Cash flow from financing activities $ 0Required information Problem 7-23A (Static) Preparing a master budget for retail company with no beginning account balances LO 7-2, 7-3, 7-4, 7-5, 1-6 [The following information applies to the questions displayed below] Camden Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, year 1. The company president formed a planning committee to prepare a master budget for the rst three months of operation. As budget coordinator, you have been assigned the following tasks. Problem 7-23A (Static) Part 1 Required a. October sales are estimated to be $125,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 8 percent per month. Prepare a sales budget. b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts. c. The cost of goods sold is 60 percent of sales. The company desires to maintain a minimum ending inventory equal to 10 percent of the next month's cost of goods sold. However, ending inventory of December is expected to be $6,000. Assume that all purchases are made on account. Prepare an inventory purchases budget. d. The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month. Prepare a cash payments budget for inventory purchases. e. Budgeted selling and administrative expenses per month follow: Salary expense (fixed) $9,006 Sales commissions 596 of Sales Supplies expense 2% of Sales Utilities (fixed) $ 700 Depreciation on store fixtures (fixedlai: $2,000 Rent (fixed) $2,400 Miscellaneous (fixed) $ 600 *The capital expenditures budget indicates that Camden will spend $82,000 on October 1 for store fixtures, which are expected to have a $10,000 salvage value and a three-year (36-month) useful life. Use this information to prepare a selling and administrative expenses budget. f. Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Camden borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $6,000 cash cushion. Prepare a cash budget Complete this questlon by enterlng your answers In the tabs below. Required A Required B Required C Required D Required E Required F Required G October sales are estimated to be $125,000, of which 40 percent will be cash and 60 percent will be credit. The company expects sales to increase at the rate of 8 percent per month. Prepare a sales budget. ReqUirEd B The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale. Prepare a schedule of cash receipts. s $ 54.000 $ Plus collections from NR I 75.000 81,000 Required A Required 5 Required C Required D Required E Required F Required G The cost of goods sold is 60 percent of sales. The company desires to maintain a minimum ending inventory equal to 10 percent of the next month's cost of goods sold. However, ending inventory of December is expected to be $6,000. Assume that all purchases are made on account. Prepare an inventory purchases budget. Budgeted cost of goods sold $ 75,000 $ 81,000 $ 87,480 Plus: Desired ending inventory 8,100 8,748 6,000 Inventory needed 83,100 89,748 93,480 Less: Beginning inventory I 8.100 8.748 Required purchases (on account) $ 83.100 Required A Required B Required C Required D Required E Required F Required G The company pays 70 percent of accounts payable in the month of purchase and the remaining 30 percent in the following month. Prepare a cash payments budget for inventory purchases. (Round your nal answers to the nearest whole dollar amounts.) Schedule of Cash Payments Budget for Inventory Purchases Payment of current month's accounts payable $ 58,170 57,154 59,312 Payment for prior month's accounts payable I 24.930 24,494 Total budgeted payments for inventory $ 58.170 33 82,084 $ 83.806 Required A Required B Required C Required D Required E Required F Required G Required E Prepare a selling and administrative expenses budget. October November December Selling and Administrative Expense Budget Salary expense $ 9,000 $ 9,000 $ 9,000 Sales commissions 6,250 6,750 7,290 Supplies expense 2,500 2,700 2,916 Utilities 700 700 700 Depreciation on store fixtures 2,000 2,000 2,000 Rent 2,400 2,400 2,400 Miscellaneous 600 600 600 Total S&A expenses $ 23,450 $ 24, 150 $ 24,906Required A Required B Required C Required D Required E Required F Required G Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month they are incurred. Prepare a cash payments budget for selling and administrative expenses. October November December Schedule of Cash Payments for S&A Expenses Salary expense $ 9,000 $ 9,000 $ 9,000 Sales commissions 0 6,250 6,750 Supplies expense 2,500 2,700 2,916 Utilities 0 700 700 Depreciation on store fixtures 0 0 0 Rent 2,400 2,400 2,400 Miscellaneous 600 600 600 Total payments for S&A expenses $ 14,500 $ 21,650 $ 22,366

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