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please solve requirement 2 thanks! will upvote! Humble Company has provided the following budget information for the first quarter of 2016: (Click the icon to
please solve requirement 2 thanks! will upvote! Humble Company has provided the following budget information for the first quarter of 2016: (Click the icon to view the budget information.) (8) Additional data related to the first quarter of 2018 for Humble Company: (1) (Click the icon to view the data.) Requirement 2. Prepare Humble Company's cash budget for the first quarter of 201 a. Review the schedule of cash receipts from customers you prepared in Requirement 1. Review the schedule of cash payments you prepared in Requirement 1. ble Company has provided the following budget information for the first quarter of 2018 : Additional data related to the first quarter of 2018 for Humble Company: (Click the icon to viow the budget information.) (i) (Click the icon to vew the data) Data table More info Capital expendlures indude $43,000 for new manulacturing equipment to be a. purchased and paid in the frst quarter. Cash receipts are 85% of sales in the quarter of the sale and 15% in the b. quarter following the sale: Diroct materials purchases are paid 70% in the quatter purchased and 30% in c. the next quartec, Direct labor, manufacturing overhead, and soling and administrative costs are d. paid in the quarter incurred. Income tax expense for the first quarter is projected at 545.000 and is paid in 1. the quarter incuered. Humble Company expects to have adequate cash funds and does not f. anticipate borrowing in the frst quarter; The Deconber 31. 2017, balance in Cash is $15,000, in Accounts Receivabie. 0. is $18,500, and in Accounts Payable is $11,600
please solve requirement 2 thanks! will upvote!
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