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help me tutors 1. Prepare the production budget of Emir's Corporation for 2021. Given below are the pieces of information needed to prepare a production

help me tutors

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1. Prepare the production budget of Emir's Corporation for 2021. Given below are the pieces of information needed to prepare a production budget. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Projected Units 400,000 450,000 500,000 600,000 Target Level Ending Inventories 30,000 33,000 35,000 40,000 The beginning inventory is 32,000 units. 2. The president of Emir's Corporation wanted to find out if the company has enough cash to pay the company's loan worth Php 600,000,00 by the end of 2020. a. The projected quarterly sales for the year 2020 are as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Php 1,200,000.00 Php 1,400,000.00 Php 1,600,000.90 Php 1,800,000.00 The fourth quarter sales in 2019 was Php 1.000,000.00. Ninety percent (90%) of the sales were collected in the quarter they were made. The remaining ten percent (10%) was collected in the following quarter. b. Assume that the operating expenses for each quarter are as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Php 125,000.00 Php 150,000.00 Php 175,000.00 Php 200,000.00 c. Cost of sales is 75% of sales. d. Interest expenses paid every quarter is Php 18,000.00. e. Income tax rate is 30%. The income taxes to be paid every quarter will be: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Php 35,000.00 Php 45,000.00 Php 55,000.00 Php 65,000.00 f. Expected cash balance at the end of 2020 is about Php 80,000.00. For 2021, target cash is raised to Php 150,000,00 because of expected increase in sales. Prepare the 2021 cash budget of Emir's Corporation. Find out if they have enough cash to pay the Php 600,000.00 loan in the last quarter

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