Prepare a cash budget for the first quarter

Reference no: EM13293509

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. Prepare a cash budget for the first quarter.

Reference no: EM13293509

Questions Cloud

Explanation of utilitarianism : Explanation of utilitarianism. How can it be applied to a marketing product or service.

Explanation of moral idealism : Explanation of moral idealism. How can it be applied to a marketing product or service.

Issues of causation in a meaningful-disapassionate manner : In the case Pasgraf v. The Long Island Railraod 248 N.Y 339, 169 N.E 99. 1928 N.Y lexis 1269 (NY).], Justice Cardozo found that the railroad wasnot the proximate cause of Helen Palsgraf's injuroes. The concept pf proximate cause in one that is less t..

Choose a nursing problem from your current practice setting : This is a CLC assignment. Choose a nursing problem from your current practice setting, and identify a possible solution to that problem. Conduct a search of the literature related to this problem. Analyze and critically appraise evidence-based litera..

Prepare a cash budget for the first quarter : 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. Prepare a cash budget for th..

What are the four components of an online business model : What are the four components of an online business model? Critics of the Rayport and Jaworski text (2004) believe that the authors' online business model has its limitations. The model does not sufficiently describe the B2B models specifically relate..

Write a paper on the success of google : Write a paper on the success of google. Paper should be written in APA format in total 2500 words count,

Compute the standard deviation of the returns on the portfo : Compute the expected return on portfoliob) compute the standard deviation of the returns on the portfolio assuming that the two stocks returns are perfectly positively correlatedc) compute the standard deviation of the returns on the portfolio assumi..

What is the impact of opening trade on the real wage : Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good.a. According to the Heckscher-Ohlin theorem is Russia capital-abundant or labor-abundant?

User Account

All Pages