Please help with these four questions!
1A)
Required: 1. Prepare schedules showing budgeted merchandise purchases for May and June- 2. Prepare a schedule showing budgeted cash disbursements during June. 3. Prepare a schedule showing budgeted cash collections during May. 4. Determine gross and net balances of accounts receivable on May 31. Complete this queson by entering wur answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Determine gross and net balances of accounts receivable on May 31. Remaining AR \")6 AR Balance [Gross] Baddeht allowance AR Balance {Net} Actual and projected sales follow: Month Dollars Units Month Dollars Units March $753,860 12,888 June $744,880 12,488 April 786,809 13, 199 July 788, 999 13,999 Hay 774,999 12, 999 August 792, 999 13,299 | Required: 1. Prepare schedules showing budgeted merchandise purchases for May and June. 2. Prepare a schedule showing budgeted cash disbursements during June. 3. Prepare a schedule showing budgeted cash collections during May. 4. Determine gross and net balances of accounts receivable on May 31. | 6 Answer is not complete. Complete this question by entering your answers in the labs below. Required 1 Required 2 Required 3 Required 4 Prepare schedules showing budgeted merchandise purchases for May and June. Sales (in units} 0 Cost per unit 0 0 Cost of Goods Sold Ending inventory Total needed 5 0 $ 0 Beginnning inventory 0 Budgeted merchandise purchases $ 0 $ 0 Required: 1. Prepare schedules. showing budgeted merchandise purchases for May and June. 2. Prepare a schedule showing budgeted cash disbursements during June. 3. Prepare a schedule showing budgeted cash collections during May. 4. Determine gross and net balances of accounts receivable on May 31. 0 Answer is not complete. Complete this question by entering your answers in the labs below. Required 1 Required 2 Required 3 Required 4 Prepare a schedule showing budgeted cash disbursements during June. Merchandise purchases Non-depreciation S, G &Aexpenses a Total payables Payment for amount owed from last month Payment for the current month's payables Marsha Inc. has the following budgeted data for the coming year: Cash balance, beginning $ 153% Collections from customers 1453% Direct materials purchases 25_3% Expenses: Operating expenses 513% Payroll 753% Income taxes 6,B% Other: Machinery purchases 383% Operating expenses include $20,900 depreciation for buildings and equipment. All purchases of materials are paid for in the period of purchase. The company requires a minimum cash balance of $25,000. Compute the amount the companyr needs to finance or the excess cash available for Marsha to invest. [Cash shortage should be indicated with a minus sign.) Beginning cash balance Net cash ow from operations: Cash inows: Cash collections from customers Cash outows: Direct materials purchases Operating expenses Less: Depreciation Payroll Income taxes Investing activities: Purchase of machinery Financing activities: Cash excess (shortage) before nancing Minimum cash balance required New financing required Bu dgeted endofpen'od cash ba la n ce White Corporation's budget calls for the following sales for next year: Quarter 1 92,860 units Quarter 3 55,669 units Quarter 2 79,890 units Quarter 4 96,466 units Each unit ofthe product requires 2 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1. Determine the production budget for the second quarter. 2. Determine the materials purchases budget for the second quarter. Complete this question by entering your answers in the labs below. Requide : Required). Determine the materials purchases budget for the seoond quarter. B udgeted productio n Direct materials (lbs) per unit produced Direct materials needed in production Desired ending inventory of direct materials (lbs) I I Total direct materials needed Beginning inventory of direct materials :I Budgeted purchases of direct materials {lbs}