Prepare the Cash Budget assuming Prepare the budgeted Balance Sheet with the information above and the following information: 1. Pertinent data at December 31, 2015 are as follows: a. Bulding and equipment, $250,000 b. Accumulated depreciation $120,000 E Common socks $200,000 d. Retained earnings $210,097.48 2. The accounts that should be in the statements are: a. Cash D. Account receivable Finished goods inventory d. Raw material inventory e Accounts payable 1. The accounts mentioned in part of this section 1. January 1, 2020 cash balance is expected to be $60,000 2. Sales are expected to be collected: GON In the quarter of the sale b. 25None quarter after the sale c. 15N two quarter after the sale. 3. Accounts Receivable of $68,000 at December 31, 2019 are expected to be collected in full, $40,000 in the first quarter and the remaining in the second quarter of 2020 4. Direct material is expected to be paid: a. 35in the quarter of purchase b. 35None quarter after the purchase c. SON Two quarter after the purchase 5. Short term investments are expected to be sold for $5,000 in the second quarter and $3,500 in the third quarter 6. Long term investment is expected to be sold for $25,000 in the third quarter. 7. Direct laboris 100% paid in the quarter incurred. 8. Manufacturing overhead, all items except depreciation are paid in the quarter incurred. 9. Selling and administrative expenses, all items except depreciation are paid in the quarter incurred 10. Management plans to purchase a minivan in the fourth quarter for 595,000, and a delivery truck in the third quarter for 510,600 11. McGregor makes equal quarterly payments of its estimated annual income taxes 12. Accounts payable of $25,500 at December 31, 2019 are expected to be paid in fut in the second quarter 13. McGregor wishes to maintain a balance of at least 530,000 in cash 14. Assume interest of 51,000 in the repayment 15. Common Stock are expected to be issued in the fourth quarter for an amount of 20,000 Loans are repaid in the earlier quarter in which there is sufficient cash that is when the cash on hand exceeds the 530,000 minimum required balance) Prepare the Cash Budget assuming: a. 1. January 1, 2020 cash balance is expected to be $60,000 2. Sales are expected to be collected: a. 60% in the quarter of the sale. b. 25% one quarter after the sale. C. 15% two quarter after the sale. 3. Accounts Receivable of $68,000 at December 31, 2019 are expected to be collected in full, $40,000 in the first quarter and the remaining in the second quarter of 2020. 4. Direct material is expected to be paid: 35% in the quarter of purchase. b. 35% one quarter after the purchase. c. 30% two quarter after the purchase. 5. Short term investments are expected to be sold for $5,000 in the second quarter and $3,500 in the third quarter. 6. Long term investment is expected to be sold for $25,000 in the third quarter. 7. Direct labor is 100% paid in the quarter incurred. 8. Manufacturing overhead, all items except depreciation are paid in the quarter incurred. 9. Selling and administrative expenses, all items except depreciation are paid in the quarter incurred. 10. Management plans to purchase a minivan in the fourth quarter for $35,000, and a delivery truck in the third quarter for $10,600. 11. McGregor makes equal arterly payments of its estimated annual income taxes. 12. Accounts payable of $25,500 at December 31, 2019 are expected to be paid in full in the second quarter. 13. McGregor wishes to maintain a balance of at least $30,000 in cash. 14. Assume interest of $1,000 in the repayment 15. Common Stock are expected to be issued in the fourth quarter for an amount of 20,000. 16. Loans are repaid in the earlier quarter in which there is sufficient cash (that is when the cash on hand exceeds the $30,000 minimum required balance). I Prepare the Budgeted Balance Sheet with the information above and the following information: 1. Pertinent data at December 31, 2019 are as follows: a. Building and equipment, $250,000 b. Accumulated depreciation $120,000 C. Common stocks $201,000 d. Retained earnings $230,997.48 2. The accounts that should be in the statements are: a. Cash b. Account receivable c. Finished goods inventory d. Raw material inventory e. Accounts payable f. The accounts mentioned in part 1 of this section. Prepare the Cash Budget assuming Prepare the budgeted Balance Sheet with the information above and the following information: 1. Pertinent data at December 31, 2015 are as follows: a. Bulding and equipment, $250,000 b. Accumulated depreciation $120,000 E Common socks $200,000 d. Retained earnings $210,097.48 2. The accounts that should be in the statements are: a. Cash D. Account receivable Finished goods inventory d. Raw material inventory e Accounts payable 1. The accounts mentioned in part of this section 1. January 1, 2020 cash balance is expected to be $60,000 2. Sales are expected to be collected: GON In the quarter of the sale b. 25None quarter after the sale c. 15N two quarter after the sale. 3. Accounts Receivable of $68,000 at December 31, 2019 are expected to be collected in full, $40,000 in the first quarter and the remaining in the second quarter of 2020 4. Direct material is expected to be paid: a. 35in the quarter of purchase b. 35None quarter after the purchase c. SON Two quarter after the purchase 5. Short term investments are expected to be sold for $5,000 in the second quarter and $3,500 in the third quarter 6. Long term investment is expected to be sold for $25,000 in the third quarter. 7. Direct laboris 100% paid in the quarter incurred. 8. Manufacturing overhead, all items except depreciation are paid in the quarter incurred. 9. Selling and administrative expenses, all items except depreciation are paid in the quarter incurred 10. Management plans to purchase a minivan in the fourth quarter for 595,000, and a delivery truck in the third quarter for 510,600 11. McGregor makes equal quarterly payments of its estimated annual income taxes 12. Accounts payable of $25,500 at December 31, 2019 are expected to be paid in fut in the second quarter 13. McGregor wishes to maintain a balance of at least 530,000 in cash 14. Assume interest of 51,000 in the repayment 15. Common Stock are expected to be issued in the fourth quarter for an amount of 20,000 Loans are repaid in the earlier quarter in which there is sufficient cash that is when the cash on hand exceeds the 530,000 minimum required balance) Prepare the Cash Budget assuming: a. 1. January 1, 2020 cash balance is expected to be $60,000 2. Sales are expected to be collected: a. 60% in the quarter of the sale. b. 25% one quarter after the sale. C. 15% two quarter after the sale. 3. Accounts Receivable of $68,000 at December 31, 2019 are expected to be collected in full, $40,000 in the first quarter and the remaining in the second quarter of 2020. 4. Direct material is expected to be paid: 35% in the quarter of purchase. b. 35% one quarter after the purchase. c. 30% two quarter after the purchase. 5. Short term investments are expected to be sold for $5,000 in the second quarter and $3,500 in the third quarter. 6. Long term investment is expected to be sold for $25,000 in the third quarter. 7. Direct labor is 100% paid in the quarter incurred. 8. Manufacturing overhead, all items except depreciation are paid in the quarter incurred. 9. Selling and administrative expenses, all items except depreciation are paid in the quarter incurred. 10. Management plans to purchase a minivan in the fourth quarter for $35,000, and a delivery truck in the third quarter for $10,600. 11. McGregor makes equal arterly payments of its estimated annual income taxes. 12. Accounts payable of $25,500 at December 31, 2019 are expected to be paid in full in the second quarter. 13. McGregor wishes to maintain a balance of at least $30,000 in cash. 14. Assume interest of $1,000 in the repayment 15. Common Stock are expected to be issued in the fourth quarter for an amount of 20,000. 16. Loans are repaid in the earlier quarter in which there is sufficient cash (that is when the cash on hand exceeds the $30,000 minimum required balance). I Prepare the Budgeted Balance Sheet with the information above and the following information: 1. Pertinent data at December 31, 2019 are as follows: a. Building and equipment, $250,000 b. Accumulated depreciation $120,000 C. Common stocks $201,000 d. Retained earnings $230,997.48 2. The accounts that should be in the statements are: a. Cash b. Account receivable c. Finished goods inventory d. Raw material inventory e. Accounts payable f. The accounts mentioned in part 1 of this