Question Help Sharpe Company has provided the following budget information for the first quarter of 2018 Click the icon to view the budget information) Data Table Requirement 1. Prepare Sharpe Company's schedule of cash receipts from customers and sched Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Cash Receipts from Customers First Quarter Budgeted purchases of direct materials Budged director cost Budgeted manufacturing overhead coats Variable manufacturing overhead 208,000 41.000 37.500 Total sales Depreciation Insurance and property taxes nudd ing and instalive expenses 1.175 1,000 6,960 Cash Receipts from Customers Accounts Receivable balance December 31, 2017 nes expense 1st Sales 4,000 3.000 1400 Rent expense Insurance expense Depreciation expense Total cash receipts from customers 100 Suppleexpense Enter any number in the edit fields and then click Check Answer 2,080 A A parts Print I Dono aining Sharpe Company has provided the following budget information for the first quarter of 2018 Click the icon to view the budget information) al data related to the first quarter of 2018 for Sharpe Company A Click the love the data) Read the rem Cash Receipts from Customers 0 More Info First Our Total sales Cash Recipes from Customer Accounts Receivable balance, December 31, 2017 Capital expenditures include 544,000 for new manufacturing equipment to be purchased and paid in the first quarter Cashe s are of sales in the quarter of the L and 20% the Quarter following the sale Dract mais purchases are pad 70% in the quarter purchased and 30% in the neater a. Dredator manufacturing overhead, and noting and administrative costs are in the incurred e Income tax expense for the first quarter is projected $41,000 and is paid in the quarter incurred Sharpe Como expect ave c des and does not anpa bomow in the future The December 31, 2017 balance in Cash $35000 in Accounts Receivable Is $17.900, and in Accounts Payable is $17.300 Accounts Receivable balance, March 31, 2018 Odo Enter any number in the edit selds and then click Check Answer Print Done 4 b 4 remaining Company has provided the following budget information for the first quarter of 2018 Click the icon to view the budget information) Additional data related to the first quarter of 2018 for Sharpe Company Click the icon to view the data) m Rather Requirement 1. Prepare Sharpe Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2016, Begin by preparing the schedule of cash receipts from customers for the first quarter of 2018 Cash Receipts from Customers First Quarter Total Cash Receipts from Customers Accounts Receivable balance December 31, 2017 1. Prepare Sharpe Company's schedule of cash receipts from customers and schedule of cash payments for the frst quarter of 2018 2. Prepare Sharpe Company's cash budget for the first quarter of 2018 Tous cash rece from customers Print Done
