this is the scen shoot of maths

f. Land purchases of $75,000 will be made in the second quarter, and purchases of $48,000 will be made in the third quarter. These purchases will be for cash. g. The Cash account contained $10,000 at the end of the current year. The treasurer feels that this represents a minimum balance that must be maintained. h. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each quarter, up to a total loan balance of $100,000. The interest rate on these loans is 2.5% per quarter and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the year. i. At present, the company has no loans outstanding. Required: 1. Prepare the following by quarter and in total for next year: a. A schedule of expected cash collections. b. A schedule of expected cash disbursements for merchandise purchases. 2. Compute the expected cash disbursements for selling and administrative expenses, by quarter and in total, for next year. 3. Prepare a cash budget, by quarter and in total, for next year. Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the company's bank late in the current year seeking short-term financing, he was told that money was very tight and that any borrowing over the next year would have to be supported by a detailed statement of cash collections and disbursements. The treasurer also was told that it would be very helpful to the bank if borrowers would indicate the quarters in which they would be needing funds, as well as the amounts that would be needed, and the quarters in which repayments could be made. Because the treasurer is unsure as to the particular quarters in which bank financing will be needed, he has assembled the following information to assist in preparing a detailed cash budget: a. Budgeted sales and merchandise purchases for next year, as well as actual sales and purchases for the last quarter of the current year, are: Microsoft Excel File Edit View Insert Format Tools Data Window Help 5 X 1082603 0 6 2 . 2 100% . 2 12 . BLUD= $ % , 16808 F - A - Euro " G18 A B C D Merchandise IAWN Sales Purchases Current year: Fourth quarter actual $200,000 $126,000 Next year: First quarter estimated $300,000 $186,000 Second quarter estimated $400,000 $246,000 100 Third quarter estimated $500,000 $305,000 9 Fourth quarter estimated $200,000 $126,000 10 1 \\Sheet1 / Sheet2 / Sheet3 / Draw ~ Is 6 AutoShapes . \\ \\0 4: 2 4 -4 . A- b. The company normally collects 65% of a quarter's sales before the quarter ends and another 33% in the following quarter. The remainder is uncollectible. This pattern of collections is now being experienced in the current year's fourth-quarter actual data. c. Eighty percent of a quarter's merchandise purchases are paid for within the quarter. The remainder is paid for in the following quarter. d. Selling and administrative expenses for next year are budgeted at $50,000 per quarter plus 15% of sales. Of the fixed amount, $20,000 each quarter is depreciation. e. The company will pay $10,000 in dividends each quarter. 4No.2 Siegel Company manufactures a product that is available in both a deluxe model and a regular model. The company has manufactured the regularmodel for years. The deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company's profits have steadily declined and management has become increasingly concemed about the accuracy of its costing system. Sales of the deluxe model have been increasing rapidly. Manufacturing overhead is assigned to products on the basis of direct labor-hours. For the current year, the company has estimated that it will incur $900,000 in manufacturing overhead cost and produce 5,000 units of the deluxe model and 40,000 units of the regular model. The deluxe model requires two hours of direct labor time perunit, and the regular model requires one hour. Material and labor costs per unit are as follows: Model Deluxe Regular Direct materials $40 $25 Direct Labor $14 $7 Required: 1. Using direct labor-hours as the base for assigning overhead cost to products, compute the predetermined overhead rate. Using this rate and other data from the problem, determine the unit product cost of each model. 2. Management is considering using activity-based costing to apply manufacturing overhead cost to products for external financial reports. The activity-based costing system would have the following four activity cost pools: Activity Cost Pool Activity Measure Estimated Overhead Cost Purchasing Purchase orders issued $204.000 Processing Machine-hours 182,000 Scrap/rework Scrap/rework orders issued 379,000 Shipping Number of shipments $135.000external financial reports. The activity-based costing system would have the following four activity cost pools: Activity Cost Pool Activity Measure Estimated Overhead Cost Purchasing Purchase orders issued $204,000 Processing Machine-hours 182.000 Scrap/rework Scrap/rework orders issued 379,000 Shipping Number of shipments $135,000 $900,000 Activity Measure Expected Activity Deluxe Regular Total Purchase orders issued 200 400 600 Machine-hours 20,000 15.000 35,000 Scrap/rework orders issued 1,000 1,000 2,000 Number of shipments 250 650 900 3. Using the predetermined overhead rates you computed in part (2) above, do the following: a. Compute the total amount of manufacturing overhead cost that would be applied to each model using the activity-based costing system. After these totals have been computed, determine the amount of manufacturing overhead cost per unit of each model. b. Compute the unit product cost of each model (direct materials, direct labor, and manufacturing overhead). 4. From the data you have developed in parts (1) through (3) above, identify factors that may account for the company's declining profits