Reference no: EM133095813
Question - Oriole Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows.
|
|
January
|
February
|
|
Sales
|
$316,800
|
$352,000
|
|
Direct materials purchases
|
105,600
|
110,000
|
|
Direct labor
|
79,200
|
88,000
|
|
Manufacturing overhead
|
61,600
|
66,000
|
|
Selling and administrative expenses
|
69,520
|
74,800
|
All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $880 of depreciation per month.
Other data:
1. Credit sales: November 2021, $220,000; December 2021, $281,600.
2. Purchases of direct materials: December 2021, $88,000.
3. Other receipts: January-Collection of December 31, 2021, notes receivable $13,200; February-Proceeds from sale of securities $5,280.
4. Other disbursements: February-Payment of $5,280 cash dividend.
The company's cash balance on January 1, 2022, is expected to be $52,800. The company wants to maintain a minimum cash balance of $44,000.
Required - Prepare a cash budget for January and February in columnar form?
|
Review and presentation of relevant stress measures
: Finite element modelling and analysis study of the link and write a report containing the modelling, structural analysis and thermal analysis
|
|
Explore regional or cultural differences in labor conditions
: 1. Explore regional or cultural differences in labor conditions 2. Examine the impact of currency fluctuations on international business activities
|
|
Determine the kinds of environments
: In which kinds of environments would mechanistic and organic organizational structures be best suited, and explain why?
|
|
Knowledge of federal employment laws
: For HR professionals, knowledge of federal employment laws governing compensation and benefitsis essential. It's important to keep in mind that these federal la
|
|
Prepare a cash budget for January and February
: Credit sales: November 2021, $220,000; December 2021, $281,600. Prepare a cash budget for January and February in columnar form
|
|
Five strategic and five operational recommendations
: What are five strategic and five operational recommendations for chick-fil-a and what scripture would go with the strategic and operational?
|
|
Explain competitive strategy
: The competitive strategy of Chick-fil-A is to make people the priority, exceptional services, superior product, and brand building (Adamkasi, 2018).
|
|
Explain marketing planning and strategy with chick
: Explain marketing planning and strategy with chick fil a(ch 4)Marshall, G. W., & Johnston, M. W. (2018). Marketing management. Mcgraw-Hill Education.
|
|
Explain pricing strategy
: Explain pricing strategy (penetration, skimming, competitor-based) in chick-fil-a. (Ch.11) Marshall, G. W., & Johnston, M. W. (2018). Marketing management.
|