Manufacturing: Cash budget

 

Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product costs for the quarter follow.

 

Sales are 20% cash and 80% on credit. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $15,000 in cash; $45,000 in accounts receivable; and a $5,000 balance in loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If an excess balance of cash exists, loans are repaid at the end of the month. Operating expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($4,000 per month), and rent ($6,500 per month).

Prepare a cash receipts budget for July, August, and September.
Prepare a cash budget for each of the months of July, August, and September. (Round amounts to the dollar.)

Sample Solution

 

 

Uncommon Down deep down

James C. Bennett’s article “Special cases to Bone” posted on the National Review of June 21, 2010 discloses how to discover American exceptionism in its own underlying foundations of bone culture. Corresponding to other English – Please reveal to me the nation. This article presents various perspectives on American exceptionism and universalism. Mr. Bennett states as follows. “Rights have their own focal points, for example, opportunity, success, and advancement.

Bones are living tissues. To keep your bones solid, your body will break old bones and supplant them with new bone tissue. At around 30 years old, the expansion in bone mass stops and the objective of bone wellbeing is to ensure the bones however much as could reasonably be expected. As individuals get into their 40s and 50s, more bones might be broken as opposed to being supplanted. Whether or not your primary care physician calls it osteopenia or low bone mass, it ought to be viewed as a notice. Albeit bone misfortune has started, you can at present take your measures to keep your bones solid and maybe forestall later osteoporosis. Along these lines, as you are more seasoned, you are less inclined to break your wrist, midriff or vertebra (vertebrae).

As the name recommends, long bones are any longer than their width. The long bone has a pole and two finishes that are regularly expanded. All the appendages aside from the tibia (knee bone) and carpal tunica and tibia are long bones. The names of these bones are stretched and not the general size. Three bones of each finger are long bones, regardless of whether they are little. Short bones are around looking like a shape. A case of a wrist and lower leg bone. Sesamoid bone is a unique sort of short bone shaping a ligament (humerus and so forth.). Sizes and numbers differ from individual to individual. Some bone-like bones may alter the pressure course of the ligaments. The capacity of others isn’t clear

Osteoporosis is a bone ailment that makes bone become excessively thick, causing bone break. Osteoporosis capacities anomalous bone cell variations from the norm called osteoclasts. By and large, osteoclasts decimate old bone tissue as new bone tissue develops. For individuals with osteopetrosis, osteoclasts don’t pulverize old bone tissue. This bone gathering causes over the top bone development. In the head and spine, this unusual expansion may apply pressure on the nerve and cause neuropathy. Over the top expansion and inspire of bone marrow in bone shaped by typical bone marrow

 

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