Reference no: EM132637188
HASF PVT.LTD
BUDGETED INCOME STATEMENT
FOR 1st QUARTER 1999
Description JANUARY FEBRUARY MARCH
Sales 285,000 323,000 221,000
Purchases 129,000 168,000 95,000
Wages 35,000 37,000 30,000
Supplies 26,000 23,000 21,500
Utilities 6,500 8,700 7,200
Rent 15,000 12,800 13,600
Insurance 12,000 12,000 12,000
Advertising 24,500 28,500 18,000
Depreciation 20,000 20,000 20,000
Net Profit 17,000 13,000 3,700
Required:
Question 1: Make a cash budget for the months of January, February and March 1999 based on the data for:
View Receivable Trend:
- 30% of Sales are collected in the month of sale
- 30% of Sales are collected after the month of sale
- 40% of Sales are collected two months after the sale is made
View Payable Trend:
- 10% of Purchases are paid for in the month of purchase
- 35% of Purchases are paid after the month of purchase
- 55% of Purchases are paid two months after the purchase is made
Additional Information:
- Rent and Insurance expense were prepaid at the end of 1998
- All other expenses are paid for in the month they were incurred
- November Sales = 195,000
- November Purchases = 100,000
- December Sales = 250,000
- December Purchases = 165,000
Question 2: Being a CFO of the company, interpret the importance budget in strategic and operational planning of the company
|
What is the balance of the treasury stock
: The cost method is used. What is the balance of the treasury stock on Crane's balance sheet at December 31, 2021
|
|
Analyzing a simple party problem
: Analyzing a simple party problem might seem silly. However, the structure of this tree has many important applications in engineering.
|
|
Discuss using gdp to evaluate the business cycle
: Examine the shortcomings of GDP in measuring a country's economic health? Discuss using GDP to evaluate the business cycle.
|
|
Creating threat model
: A new medium-sized health care facility just opened and you are hired as the CIO. The CEO is somewhat technical and has tasked you with creating a threat model.
|
|
Make a cash budget for the months of january
: Make a cash budget for the months of January, February and March 1999 based on the data for 30% of Sales are collected in the month of sale
|
|
What is the length of curve
: What is the length of curve, the station of PT, the defelection angles and the chord lengths for whole station?
|
|
Define axonometric projection and its types
: Define Axonometric projection and its types?
|
|
Shell scripting and automated account management
: Shell Scripting and automated account management - What is displayed on the screen? How many lines are displayed, which ones are they, and why?
|
|
Make a classified balance sheet in good form as of December
: Accumulated depreciation-equipment $5,500 and Long-term debt $1,100. Make a classified balance sheet in good form as of December 31, 2019
|