May 2019 ebook Helen Bowers, owner of Helen's Fashion Design, planning to request of credit to her bank. She has estimated the wings for the firm for parts of 2019 2020 May 2015 5186,000 June 186,000 July 372.000 August 540,000 September 720,000 October 360,000 November 360,000 December 90.000 January 2010 180,000 Estimates regarding payments clined to the credit department are as follows collected within the month of sale, 10% of the month following the salted the second mong the wh. Payments for labor and materials are made the month after these services were provided. Here are the estimated costs of tworpus ww materias $90,000 June 90,000 July 125,000 August 883,000 September 306,000 October 234.000 November 162,000 December 90,000 Center and administrative salaries are appreciately 526,000 a month. Lease payments under long-term leases are 89,000 a month. Depreciation charges are $36.000 a month Miscellaneous ex 11.000 m Income tax payments of $62,000 are due September and December. A progress payment of $180,000 on a new design studio must be paid in October Cash on hand on May 1 Wilde $112.000, and one $90,000 should be maintained throughout the cash budget period Prepare a monthly cash budget for the last 6 months of 2019. Y no entry required, enter "o or lavet blank All payments and expenses should be entered site numbers. Casho, negative cathare. negative cumulative and cumulative and outstanding any should be indicated by a sign Hound your answers to the nearest dla necessary June Jay August September October November December bry Collections and purchases worksheet Sales (gross) $ $ $ 5 Concions During month of sale During ist mother $ 5 During and month after sale Total collections Purch Labor and raw materials Payments for labor and on 5 Toth Conec Payments for horas ma General and administrative alar Le pays House Income tax payments Designstull payment Toy Methano) during S 1 $ 1 $ 5 Lemment or Surplus Cash warto Cumulative cash Target chance Cum purus cash loans bading to maintain 190.000 target $ $ 1 $ s 1 + 1 ory $ $ b. Preparemont estimates of the rouredancing or ces fines that the amount of money towers will need to be wil velbetove. Hound your heart outstanding within Round your answers to the rest of recessary July . August September 5 October 5 November December Now suppose recepts from sales come in uniformy during the month that is, as receipts come at the rate of 1/30 of 1/3 echt lutows on the the cash s, wil the cash budget you prepared be valid under these striptions? If not, what could be done to make a va estimate of the partinanding requirements ha situation, where Intions and outflows are not synchronited during the month Select to be possible to use a cash Dudentered on the end of the monen make a wide of the financing requirements, the company Select d. Bowers Sales are sent and company produces on a seasonal of our custos, discuss how the company current and debates www during the year fancial requirements were met with short-term boklans Could changes in these aties affect the abiy to obtain bank creat? Methau $ . 1 Cumulative cash Threth Balence Cumulative resor and stand to mu 90,000 target cash bane . . weto Round your heart Prepare mont estimates of the required and are that the woman wil outstanding with mission. Round your answers to the monary July August $ September $ October 1 November $ December $ Now suppose receipts from sales come in uniformy outing the month that is cash receipts come in at the rate of 1/30 or 1/3 e sar), tut i utfows must be paid on the son. We this affect the cash but the will the cash budget you prepared be valid under these assumptions? If not, what could be done to make a valid estimate of the pak financing requirements In a situation, where inflows and outcows are not wynchroned during the month, Blace to be putible to use a cash budget centered on the end of the momento estimate of the financing requirements, the company Select d. Bowers sales are seasonal, and her company produces on a seasonal basis, stahead of sale without making any calculations, ou how the coroany's current and rots would vary during the years Financial requirements were met with short-term bank loans. Could changes in these ratios affect the firm's ability to obtain bank credit? The months preceding peak sales would show -Select current ratio and Select debt-to-captal rato due to additional sort term bankans. In the flowing the trees are collected from sales, the current ratio would Select and the debt-to-capital ratio would -Select Large changes in these toalett ti's ability to obtain bank credt May 2019 ebook Helen Bowers, owner of Helen's Fashion Design, planning to request of credit to her bank. She has estimated the wings for the firm for parts of 2019 2020 May 2015 5186,000 June 186,000 July 372.000 August 540,000 September 720,000 October 360,000 November 360,000 December 90.000 January 2010 180,000 Estimates regarding payments clined to the credit department are as follows collected within the month of sale, 10% of the month following the salted the second mong the wh. Payments for labor and materials are made the month after these services were provided. Here are the estimated costs of tworpus ww materias $90,000 June 90,000 July 125,000 August 883,000 September 306,000 October 234.000 November 162,000 December 90,000 Center and administrative salaries are appreciately 526,000 a month. Lease payments under long-term leases are 89,000 a month. Depreciation charges are $36.000 a month Miscellaneous ex 11.000 m Income tax payments of $62,000 are due September and December. A progress payment of $180,000 on a new design studio must be paid in October Cash on hand on May 1 Wilde $112.000, and one $90,000 should be maintained throughout the cash budget period Prepare a monthly cash budget for the last 6 months of 2019. Y no entry required, enter "o or lavet blank All payments and expenses should be entered site numbers. Casho, negative cathare. negative cumulative and cumulative and outstanding any should be indicated by a sign Hound your answers to the nearest dla necessary June Jay August September October November December bry Collections and purchases worksheet Sales (gross) $ $ $ 5 Concions During month of sale During ist mother $ 5 During and month after sale Total collections Purch Labor and raw materials Payments for labor and on 5 Toth Conec Payments for horas ma General and administrative alar Le pays House Income tax payments Designstull payment Toy Methano) during S 1 $ 1 $ 5 Lemment or Surplus Cash warto Cumulative cash Target chance Cum purus cash loans bading to maintain 190.000 target $ $ 1 $ s 1 + 1 ory $ $ b. Preparemont estimates of the rouredancing or ces fines that the amount of money towers will need to be wil velbetove. Hound your heart outstanding within Round your answers to the rest of recessary July . August September 5 October 5 November December Now suppose recepts from sales come in uniformy during the month that is, as receipts come at the rate of 1/30 of 1/3 echt lutows on the the cash s, wil the cash budget you prepared be valid under these striptions? If not, what could be done to make a va estimate of the partinanding requirements ha situation, where Intions and outflows are not synchronited during the month Select to be possible to use a cash Dudentered on the end of the monen make a wide of the financing requirements, the company Select d. Bowers Sales are sent and company produces on a seasonal of our custos, discuss how the company current and debates www during the year fancial requirements were met with short-term boklans Could changes in these aties affect the abiy to obtain bank creat? Methau $ . 1 Cumulative cash Threth Balence Cumulative resor and stand to mu 90,000 target cash bane . . weto Round your heart Prepare mont estimates of the required and are that the woman wil outstanding with mission. Round your answers to the monary July August $ September $ October 1 November $ December $ Now suppose receipts from sales come in uniformy outing the month that is cash receipts come in at the rate of 1/30 or 1/3 e sar), tut i utfows must be paid on the son. We this affect the cash but the will the cash budget you prepared be valid under these assumptions? If not, what could be done to make a valid estimate of the pak financing requirements In a situation, where inflows and outcows are not wynchroned during the month, Blace to be putible to use a cash budget centered on the end of the momento estimate of the financing requirements, the company Select d. Bowers sales are seasonal, and her company produces on a seasonal basis, stahead of sale without making any calculations, ou how the coroany's current and rots would vary during the years Financial requirements were met with short-term bank loans. Could changes in these ratios affect the firm's ability to obtain bank credit? The months preceding peak sales would show -Select current ratio and Select debt-to-captal rato due to additional sort term bankans. In the flowing the trees are collected from sales, the current ratio would Select and the debt-to-capital ratio would -Select Large changes in these toalett ti's ability to obtain bank credt