Solution-For first quarter prepare a cash budget

For first quarter prepare a cash budget

Assignment Help Financial Accounting

Reference no: EM13123341

Aaron Corporation is projecting a cash balance of $30,000 in its December 31, 2013, balance sheet. Aaron’s schedule of expected collections from customers for the first quarter of 2014 shows total collections of $180,000. The schedule of expected payments for direct materials for the first quarter of 2014 shows total payments of $41,000. Other information gathered for the first quarter of 2014 is sale of equipment $3,000; direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter.

Instructions

Prepare a cash budget for the first quarter.

Reference no: EM13123341

Questions Cloud

Determine the total deduction for the stolen items : Jacob is an employee and used the computer 100% of the time in his employment. Although his homeowners insurance policy paid Jacob $7,000 for the stolen computer, Jacobs employer did not reimburse Jacob for any of the remainder of his loses. Jacob..

Maximal planar graph : Prove that there exists only one 4-regular maximal planar graph.

Find area under normal curve is within plus and minus : For a normal probability distribution, about 95 percent of the area under normal curve is within plus and minus two standard deviations of the mean and practically all (99.73 percent) of the area.

How might a change in credit terms extend : The consolidated cash flow from operations of Jones corporation and its subsidiary short manufacturing for 2012 decreased quite substantially from 2011 despite the fact that consolidated net income increase slightly in 2012.

For first quarter prepare a cash budget : direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter. For first quarter p ..

Calculate the mass of silver chloride : Calculate the mass of silver chloride required to plate 135 mg of pure silver. Silver chloride, often used in silver plating, contains 75.27% Ag.

Explain or define natural number : Numerical Concepts : Definitions, Please explain or define these concepts. 1. Natural number 2. Multiplication 3. Subtraction 4. Closure for addition

Illustrate what is the gross pay for the employee : An employee receives an hourly rate of $40, with time and a half for all hours worked in excess of 40 during a week. Illustrate what is the gross pay for the employee?

Quadratic equation - cancellation round-off error : Quadratic Equation - Cancellation Round-off Error - Numerical Analysis - Looking for Solution Confirmation Using (2), x1 = (11.01 - 11.0077) / (2 * 1.002) = 0.0012

User Account

All Pages

For first quarter prepare a cash budget

Reference no: EM13123341

Reference no: EM13123341

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT