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Need all remaining parts please as this is one question. from requirement 3 on Box Medical Supply has applied for a loan First National Bank
Need all remaining parts please as this is one question. from requirement 3 on
Box Medical Supply has applied for a loan First National Bank has requested a budgeted balance sheet as of April 30, and a combined cash budget for Apni. As Box Medical Supply's controller, you have assembled the following infoeration Click the icon to view the information ) Read the requirements bir Requirement 1. Show separate computations for cash, inventory, and owners' equity balances Begin by calculating the cash balance Cash Beginning balance $ 40.100 Cashindows Cash sales 58.100 Collections 41.850 Clash outflow Payment of March abilities (17.2003 Cash burchase (10,000) - Requirements 1. Prepare the budgeted balance sheet for Box Medical Supply at April 30. Show separate computations for cash, inventory, and owners' equity balances 2. Prepare the combined cash budget for April. 3. Suppose Box Medical Supply has become aware of more efficient (and more expensive) equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April, before financing, if the minimum desired ending cash balance is $12,000? (For this requirement, disregard the $42,000 initially budgeted for equipment purchases.) 4. Before granting a loan to Box Medical Supply. First National Bank asks for a sensitivity analysis assuming that April sales are only $55,333 rather than the $83,000 originally budgeted. (While the cost of goods sold will change, assume that purchases, depreciation and the other operating expenses will remain the same as in the earlier requirements) a. Prepare a revised budgeted balance sheet for Box Medical Supply, showing separate computations for cash inventory, and owners' equity balances b. Suppose Box Medical Supply has a minimum desired cash balance of $23.000 Will the company need to borrow cash in April Print Done Data table - a. March 31 equipment balance, $52,300, accumulated depreciation, $41,900. b. April capital expenditures of $42,000 budgeted for cash purchase of equipment. c. April depreciation expense, $900. d. Cost of goods sold, 40% of sales. e. Other April operating expenses, including income tax, total $13,200, 25% of which will be paid in cash and the remainder accrued at April 30. f. March 31 owners' equity, $92,300. g. March 31 cash balance, $40.100. h. April budgeted sales $83,000, 70% of which is for cash. Of the remaining 30% half will be collected in April and half in May. i. April cash collections on March sales, $29,400 j. April cash payments of March 31 liabilities incurred for March purchases of inventory. $17 200 k. March 31 inventory balance, $29,600. 1. April purchases of inventory, $10,000 for cash and $36,600 on credit. Half of the credit purchases will be paid in April and half in May Print Done Box Medical Supply has applied for a loan. First National Bank has requested a budgeted balance she Medical Supply's controller, you have assembled the following information: EE! (Click the icon to view the information.) Read the requirements. Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses Ending balance (17,200) (10,000) (18,300) (42,000) (3,300) $ 49,250 Calculate the inventory balance. Inventory Beginning balance $ 29.600 a Box Medical Supply has applied for a loan. First National Bank has requested a budgeted b Medical Supply's controller, you have assembled the following information: E (Click the icon to view the information.) Read the requirements. $ A Inventory Beginning balance Add Purchases 29,600 46,600 Less Cost of goods sold (33,200) Ending balance $ 43,000 Calculate the owners' equity balance. Owners' Equity ... --- - Owners' Equity $ 92,300 Beginning balance Add: Revenues 83,000 Less: Expenses (47.300) Ending balance $ 128,000 Prepare the budgeted balance sheet for Box Medical Supply at April 30. applied for a loan. First National Bank has requested a budgeted balance sheet as Medical Supply's controller, you have assembled the following information: E! Click the icon to view the information.) Read the requirements. Assets $ 49,250 Current assets Cash Accounts receivable Inventory Total current assets 12,450 43,000 $ 104,700 Plant assets Equipment Accumulated depreciation 94.300 142.800) 51 500 Read the requirements. Equipment Accumulated depreciation 94,300 (42 800) 51,500 $ 156,200 Total assets Liabilities Current liabilities Accounts payable Accrued expenses payable Total liabilities $ $ 18,300 9.900 $ $ 28,200 Box Medical Supply has applied for a loan. First National Bank has requested a budgeted balance sheet Medical Supply's controller, you have assembled the following information: (Click the icon to view the information.) Read the requirements. BE owners Equity Owners' equity 128,000 Total liabilities and owners' equity $ 156,200 Requirement 2. Prepare the combined cash budget for April Box Medical Supply Combined Cash Budget For the Month Ended April 30 Beginning cash balance April 1 Plus: Cash collections from customers $ 40,100 99,950 Box Medical Supply has applied for a loan. First National Bank nas requ Medical Supply's controller, you have assembled the following information: (Click the icon to view the information.) Read the requirements. wyty LITTLE, ET Plus: Cash collections from customers 99,950 140,050 Total cash available Less cash payments: Purchases Operating expenses Acquisition of equipment $ (45,500) (3.300) X(42.000) (90,800) Ending cash balance, April 30 $ 49,250 Requirement 3. Suppose Box Medical Supply has become aware of more efficient (and more expensi total amount of cash available for equipment purchases in Aprilbefore financing, if the minimum desir G Requirement 3. Suppose Box Medical Supply has become aware of more efficient and more expensive) equipment than it bugeted for purchase in April What is the total amount of cash available for equipment purchases in April before financing, if the minimum desired ending cash balance is $12.000? (For this requirement disregard the $12.000 initially budgeted for equipment purchases) The amount of cash available for coupment purchases in April before financing of the minimum desired ending canh balance is $12.000 (and disregarding the $12,000 italy budgeted for equipment purchases) 579,250 Requirement 4. Before granting a loan to Box Medical Supply, First National Bank asks for a sensitivity analysis assuming that April sales are owy $55,333 father than the $83.000 ongely budgeted (While the cost of goods sold will change, assume that purchases depreciation, and the other operating expenses will remain the same as in the earlier requirements) 2. Prepare a vised budoited wance sheet for Box Medical Supply, showing separate computationes for cash wwentory, and owners equity balances Begin by calculating the cash balance. Round amounts to the nearest whole dolar) Read the requirements. Cash Beginning balance Cash inflows: Cash sales Collections Cash outflows: Payment of May liabilities Cash purchases Payments for April (credit) purchases Box Medical Supply has applied for a loan. First National Bank has requested a Medical Supply's controller, you have assembled the following information: (Click the icon to view the information.) Read the requirements. Cash sales Collections Cash outflows: Payment of May liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses paid Ending balance Box Medical Supply has applied for a loan First National Bank has requested a budgeted balance sheet as of April 30, and a combined cash budget for Apni. As Box Medical Supply's controller, you have assembled the following infoeration Click the icon to view the information ) Read the requirements bir Requirement 1. Show separate computations for cash, inventory, and owners' equity balances Begin by calculating the cash balance Cash Beginning balance $ 40.100 Cashindows Cash sales 58.100 Collections 41.850 Clash outflow Payment of March abilities (17.2003 Cash burchase (10,000) - Requirements 1. Prepare the budgeted balance sheet for Box Medical Supply at April 30. Show separate computations for cash, inventory, and owners' equity balances 2. Prepare the combined cash budget for April. 3. Suppose Box Medical Supply has become aware of more efficient (and more expensive) equipment than it budgeted for purchase in April. What is the total amount of cash available for equipment purchases in April, before financing, if the minimum desired ending cash balance is $12,000? (For this requirement, disregard the $42,000 initially budgeted for equipment purchases.) 4. Before granting a loan to Box Medical Supply. First National Bank asks for a sensitivity analysis assuming that April sales are only $55,333 rather than the $83,000 originally budgeted. (While the cost of goods sold will change, assume that purchases, depreciation and the other operating expenses will remain the same as in the earlier requirements) a. Prepare a revised budgeted balance sheet for Box Medical Supply, showing separate computations for cash inventory, and owners' equity balances b. Suppose Box Medical Supply has a minimum desired cash balance of $23.000 Will the company need to borrow cash in April Print Done Data table - a. March 31 equipment balance, $52,300, accumulated depreciation, $41,900. b. April capital expenditures of $42,000 budgeted for cash purchase of equipment. c. April depreciation expense, $900. d. Cost of goods sold, 40% of sales. e. Other April operating expenses, including income tax, total $13,200, 25% of which will be paid in cash and the remainder accrued at April 30. f. March 31 owners' equity, $92,300. g. March 31 cash balance, $40.100. h. April budgeted sales $83,000, 70% of which is for cash. Of the remaining 30% half will be collected in April and half in May. i. April cash collections on March sales, $29,400 j. April cash payments of March 31 liabilities incurred for March purchases of inventory. $17 200 k. March 31 inventory balance, $29,600. 1. April purchases of inventory, $10,000 for cash and $36,600 on credit. Half of the credit purchases will be paid in April and half in May Print Done Box Medical Supply has applied for a loan. First National Bank has requested a budgeted balance she Medical Supply's controller, you have assembled the following information: EE! (Click the icon to view the information.) Read the requirements. Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses Ending balance (17,200) (10,000) (18,300) (42,000) (3,300) $ 49,250 Calculate the inventory balance. Inventory Beginning balance $ 29.600 a Box Medical Supply has applied for a loan. First National Bank has requested a budgeted b Medical Supply's controller, you have assembled the following information: E (Click the icon to view the information.) Read the requirements. $ A Inventory Beginning balance Add Purchases 29,600 46,600 Less Cost of goods sold (33,200) Ending balance $ 43,000 Calculate the owners' equity balance. Owners' Equity ... --- - Owners' Equity $ 92,300 Beginning balance Add: Revenues 83,000 Less: Expenses (47.300) Ending balance $ 128,000 Prepare the budgeted balance sheet for Box Medical Supply at April 30. applied for a loan. First National Bank has requested a budgeted balance sheet as Medical Supply's controller, you have assembled the following information: E! Click the icon to view the information.) Read the requirements. Assets $ 49,250 Current assets Cash Accounts receivable Inventory Total current assets 12,450 43,000 $ 104,700 Plant assets Equipment Accumulated depreciation 94.300 142.800) 51 500 Read the requirements. Equipment Accumulated depreciation 94,300 (42 800) 51,500 $ 156,200 Total assets Liabilities Current liabilities Accounts payable Accrued expenses payable Total liabilities $ $ 18,300 9.900 $ $ 28,200 Box Medical Supply has applied for a loan. First National Bank has requested a budgeted balance sheet Medical Supply's controller, you have assembled the following information: (Click the icon to view the information.) Read the requirements. BE owners Equity Owners' equity 128,000 Total liabilities and owners' equity $ 156,200 Requirement 2. Prepare the combined cash budget for April Box Medical Supply Combined Cash Budget For the Month Ended April 30 Beginning cash balance April 1 Plus: Cash collections from customers $ 40,100 99,950 Box Medical Supply has applied for a loan. First National Bank nas requ Medical Supply's controller, you have assembled the following information: (Click the icon to view the information.) Read the requirements. wyty LITTLE, ET Plus: Cash collections from customers 99,950 140,050 Total cash available Less cash payments: Purchases Operating expenses Acquisition of equipment $ (45,500) (3.300) X(42.000) (90,800) Ending cash balance, April 30 $ 49,250 Requirement 3. Suppose Box Medical Supply has become aware of more efficient (and more expensi total amount of cash available for equipment purchases in Aprilbefore financing, if the minimum desir G Requirement 3. Suppose Box Medical Supply has become aware of more efficient and more expensive) equipment than it bugeted for purchase in April What is the total amount of cash available for equipment purchases in April before financing, if the minimum desired ending cash balance is $12.000? (For this requirement disregard the $12.000 initially budgeted for equipment purchases) The amount of cash available for coupment purchases in April before financing of the minimum desired ending canh balance is $12.000 (and disregarding the $12,000 italy budgeted for equipment purchases) 579,250 Requirement 4. Before granting a loan to Box Medical Supply, First National Bank asks for a sensitivity analysis assuming that April sales are owy $55,333 father than the $83.000 ongely budgeted (While the cost of goods sold will change, assume that purchases depreciation, and the other operating expenses will remain the same as in the earlier requirements) 2. Prepare a vised budoited wance sheet for Box Medical Supply, showing separate computationes for cash wwentory, and owners equity balances Begin by calculating the cash balance. Round amounts to the nearest whole dolar) Read the requirements. Cash Beginning balance Cash inflows: Cash sales Collections Cash outflows: Payment of May liabilities Cash purchases Payments for April (credit) purchases Box Medical Supply has applied for a loan. First National Bank has requested a Medical Supply's controller, you have assembled the following information: (Click the icon to view the information.) Read the requirements. Cash sales Collections Cash outflows: Payment of May liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses paid Ending balance
from requirement 3 on
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