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What are the answers and explanations? The controlerowane you to many cabudget for the three months. You need with the following boet information September October
What are the answers and explanations?
The controlerowane you to many cabudget for the three months. You need with the following boet information September October November Sales $1.36,000 1,000 $216.000 Manufacturing cost 57.000 000 7,000 Selling and administrative od expenses 48.000 83,000 Capital expenditures 52.000 The company expect to write and for con or court. 701 Meeded to be done for the sale and the remain the month second Following sel Depreciation derty tax expense present 9.000 of the stated the maturing costs the ance premain the property nebaid in December of the made the manang.couts expected to be a the month in which the shore and the hit the month Current as of September dech 2.000 metable securities of 573,000, and accounts receivable of $15.700 $12.700 from Julys 113,000 Nom Augusti Semut July and August were $100,000 and 119.000, respectively. Current Septembentude 59.000 fsccounts payable curred in August for mancung Ming and Experbad incinte period they are red An estimated Income tax payment of $19.000 will be made in Octobet Bridgeports regular quartery dividend of 30.000 spected to be declared October and paid in November assement de maintainimum chance of 551,000 Required: 1. Prepare a mon cash budget and sorting school Setember October November Asume 360 days per year for interest calculations Bridgeport Housewares Inc Cash Budget For the Three Months Ending November 30 September October November Estimated Cashots from Cashles GON 11 00 Eh Budget The controle of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the best three months. You are presented with the following budget Wormation September October November Sales 5136.000 $160,000 $218.000 Manufacturing costs 57.000 69,000 78,000 Selling and administrative 48.000 48,000 3,000 expenses aptal expenditures 52.000 he comes to see bottom of its merchandise for cast of wes on contented the month wing that and the reminder the following monthsecond month wins). Depreciation, morty taxe 19,000 of the estimated monthly curing the walio preminary and the property taxes e paid in December of the remainder of the manufacturing costs, acted to the then which they anche in math Bent of September of 552,000, tablet 73,000, and sc51517000532.700 119.000 ver August sales Sales on to w August were $100.000 119,000. Current Seteme,000 of accounts red opustomers to Alegre nech thered the Animated metas part of $1,000 albemanning 39,000 tot be de Octobend in Nove Mangement des to chan51.000 Required in opisto Setembro And 30 rear for interest Bridgeport Housewares Inc. Cash Bogel For the Three Month November 10 September October November COM NO Step by Step Solution
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Step: 1
To prepare a monthly cash budget for Bridgeport Housewares Inc for the three months ending November 30 well consider the cash inflows and outflows for each month Heres a detailed stepbystep explanatio...Get Instant Access to Expert-Tailored Solutions
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