Coronado, Inc. prepared the following cash budget for the fourth quarter. Fill in the missing amounts, assuming that Coronado desires to maintain a $15,000 minimum monthly cash balance and all equipment was purchased during December. Any required borrowings and repayments must be made in even increments of $1,000. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)Please help me fill in the blanks with work so I can follow along. OctoberNovemberDecemberBeginning cash balance$$15,500 $1650016850Collections from sales50,00080000103150Total cash available66,50095,500120,000Less disbursementsMaterials purchases10,00014,000Direct labor5,0005,0008,000Manufacturing20,00023,50022,000overheadSelling &administrative27,50025,000expensesEquipment purchaseDividends5,000Total disbursements66,000Excess (deficiency) ofcash32,000Minimum cash balance15,00015,00015,000Cash available-14,5009,000(needed)Financing:BorrowingsRepaymentsInterest-150Total financing-15,150Ending cash balance$15,500$16,850 $%24 OctoberNovemberDecemberQuarter$15,500 $$16,500165001685050,00080000103150233,15066,50095,500120,00024965010,00014,00037,5005,0005,0008,00018,00020,00023,50022,00027,50025,00015,0005,0005,00066,00032,00015,00015,00015,000-14,5009,00015,000-15,000-150-150-15,150-150$15,500$16,850 $$%24

Working Notes: Total direct material purchased during the quarter is for $37,500 out of which $…

Coronado, Inc. prepared the following cash budget for the fourth quarter. Fill in the missing amounts, assuming that Coronado desires to maintain a $15,000 minimum monthly cash balance and all equipment was purchased during December. Any required borrowings and repayments must be made in even increments of $1,000. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Please help me fill in the blanks with work so I can follow along.

Coronado, Inc. prepared the following cash budget for the fourth quarter. Fill in the missing amounts, assuming that Coronado desires to maintain a $15,000 minimum monthly cash balance and all equipment was purchased during December. Any required borrowings and repayments must be made in even increments of $1,000. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Please help me fill in the blanks with work so I can follow along.

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 3.5C

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ADBRI Limited (ABC, formerly Adelaide Brighton Limited) is an integrated construction material and lime producing group of companies focused on the construction, engineering, infrastructure and resource sectors in Australia. ABC has three main operating divisions being: Cement, Lime, Concrete and Aggregates and Concrete Masonry Products. Acrow (ACF, formerly NMG Corporation Limited) operates in the Australian construction services industry, hiring formwork, falsework and scaffolding equipment and undertaking sales of formwork and scaffolding related consumables. The Formwork operation involves the supply of the temporary mould that supports concrete structures in their construction. The Scaffolding operation supplies scaffolding equipment and access solutions to builders and building contractors when working at heights. Below are extracts of ACF and ABC Limited's income statements and balance sheets for 2020. Item ACF ABC Limited Income Statement Income Statement Operating Revenue…
Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September $ 830,000 $ 940,000 $ 860,000 $ 780,000 October November December At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. How much cash should Acti expect to pay out for raw material purchases during November?