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please include steps on how to get the answers. thank you. Cash Budget The controller of Bridgeport Housewares Inc. Instructs you to prepare a monthly

please include steps on how to get the answers. thank you.
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Cash Budget The controller of Bridgeport Housewares Inc. Instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: September October November Sales $100,000 $127,000 $170,000 Manufacturing costs 42,000 55,000 61,000 Selling and administrative expenses 35,000 38,000 65,000 Capital expenditures 41,000 The company expects to sell about 10% of its merchandise for Cash of sales on account, 70% are expected to be collected in the month following the sale and the remainder the following month(second month following sale). Depreciation, insurance, and property tax expense represent 57,000 of the estimated monthly manufacturing costs. The annual insurance premium is paid in January, and the annual property taxes are paid in December of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month Current assets as of September 1 include cash of $36.000,marketable securities of $54,000, and accounts receivable of $112.000 ($24,000 from July sales and 88,000 from August sales). Sales on account for u and August were $80,000 and $88,000, respectively. Currenties of September 1 incude 17,000 of accounts payable incurred in August for manufacturing costs. All selling and administrative expenses are paid in cash in the period they are incurred. An estimated income tax payment of $15,000 will be made in October andgeport's regular quarterly dividend of $7,000 is expected to be declared in October and paid in November Management desires to maintain a minimum cash balance of 537,000. adapant pancarna in aur telugu for the Three ments to any harrant - The on 000 K

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