Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Remaining Time 1 hour, 57 minutes 43 seconds. Question Completion Status: Candlyicious, a candy show in Dubai expects the following sales and material payments for

image text in transcribed
image text in transcribed
Remaining Time 1 hour, 57 minutes 43 seconds. Question Completion Status: Candlyicious, a candy show in Dubai expects the following sales and material payments for the period January till May of the coming year ( numbers are in thousands) Sales Material Payments January BD 14,000 BD 18,000 February 30,000 21,000 arch 46,000 19,100 22,000 April 22,400 14,000 May 18,000 The company notes that historically 30% of sales are for cash, 40% are collected one month after the sale, 30% are collected in the second month after the sale Material payments are paid in the same month of incurrence Labor expenses are 5% of the month's sales. Rent payments are BD 1,200 per month Capital investment of BD 25000 is expected in May. The firm's ending cash balance in February was BD 2000, and its minimum required cash balance is BD 2.500 Compute Candylicious' Cash Receipts (2 marks) -Cash Payments (2 marks) and Net Cash Flow (1.5 mark) for March. April and May. Cash Receipts March April May Total cash receipts (2 marks) Cash Payments.. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Remaining Time: 107, Question Completion Status The company notes that historically 30% of sales are for cash, 40% are collected one month after the sale, 30% are collected in the second month after the sale Material payments are paid in the same month of incurrence Labor expenses are 5% of the month's sales. Rent payments are 50 1,200 per month Capital investment of BD 25000 is expected in May. The firm's ending cash balance in February was BD 2000, and its minimum required cash balance is 80 2,500 Compute Candylicious Cash Receipts (2 marks) Cash Payments (2 marks) and Net Cash Flow (1.5 mark) for March. April and May Cash Receipts March Apell May Total cash receipts (2 marks) Cash Payments March Total payments (2 marks) Candlyicious Net Cash Flow (Cash Budget) March Net Cash flow (1.5 marks) Click Save and Submit to save and submit. Click Save All Answers to save all answers, April April May May Remaining Time 1 hour, 57 minutes 43 seconds. Question Completion Status: Candlyicious, a candy show in Dubai expects the following sales and material payments for the period January till May of the coming year ( numbers are in thousands) Sales Material Payments January BD 14,000 BD 18,000 February 30,000 21,000 arch 46,000 19,100 22,000 April 22,400 14,000 May 18,000 The company notes that historically 30% of sales are for cash, 40% are collected one month after the sale, 30% are collected in the second month after the sale Material payments are paid in the same month of incurrence Labor expenses are 5% of the month's sales. Rent payments are BD 1,200 per month Capital investment of BD 25000 is expected in May. The firm's ending cash balance in February was BD 2000, and its minimum required cash balance is BD 2.500 Compute Candylicious' Cash Receipts (2 marks) -Cash Payments (2 marks) and Net Cash Flow (1.5 mark) for March. April and May. Cash Receipts March April May Total cash receipts (2 marks) Cash Payments.. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Remaining Time: 107, Question Completion Status The company notes that historically 30% of sales are for cash, 40% are collected one month after the sale, 30% are collected in the second month after the sale Material payments are paid in the same month of incurrence Labor expenses are 5% of the month's sales. Rent payments are 50 1,200 per month Capital investment of BD 25000 is expected in May. The firm's ending cash balance in February was BD 2000, and its minimum required cash balance is 80 2,500 Compute Candylicious Cash Receipts (2 marks) Cash Payments (2 marks) and Net Cash Flow (1.5 mark) for March. April and May Cash Receipts March Apell May Total cash receipts (2 marks) Cash Payments March Total payments (2 marks) Candlyicious Net Cash Flow (Cash Budget) March Net Cash flow (1.5 marks) Click Save and Submit to save and submit. Click Save All Answers to save all answers, April April May May

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Everything Improve Your Credit Book

Authors: Justin Pritchard

1st Edition

1598691554, 978-1598691559

More Books

Students also viewed these Finance questions

Question

8. Do the organizations fringe benefits reflect diversity?

Answered: 1 week ago

Question

7. Do the organizations social activities reflect diversity?

Answered: 1 week ago