taxes) 990] a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
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![Personal Budget [ Cash balance,
September 1 (from a summer job) $
7,980; Purchase season football tickets
in September 110; Additional
entertainment for each month 280; Pay
fall semester tuition in September 4, 300;
Pay rent at the beginning of each month
390; Pay for food each month 220; Pay
apartment deposit on September 2 (to
be returned December 15) 600; Part -
time job earnings each month (net of
taxes) 990] a. Prepare a cash budget
for September, October, November, and
December. Use the minus sign to
indicate cash outflows, a decrease in
cash or cash payments.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18316af1-4fcd-4c1d-be6a-747d8bedbaf5%2Fe589d73a-3970-4f68-9638-195337d3eb7d%2Fhqrnj8u_processed.png&w=3840&q=75)
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- Personal Budget At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $5,750 Purchase season football tickets in September 210 Additional entertainment for each month 275 Pay fall semester tuition in September 3,700 Pay rent at the beginning of each month 600 Pay for food each month 235 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 1,400 a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign. Katherine Malloy Cash Budget For the Four…Foyert Corporation requires a minimum $7,400 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid at the end of each month). Any preliminary cash balance above $7,400 is used to repay loans at month-end. The cash balance on October 1 is $7,400, and the company has an outstanding loan of $3,400. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow. Cash receipts Cash payments October $ 23,400 26,100 Beginning cash balance Add: Cash receipts Total cash available Add: Cash payments for All items excluding interest All items excluding interest Total cash payments Preliminary cash balance Loan activity Ending cash balance Prepare a cash budget for October, November, and December. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) November $ 17,400 16,400 Loan balance - Beginning of month…income." Course Activity: Creating a Budget Part A Use this information to organize estimated household expenses by monthly amounts. • rent: $13,800 annually utilities: $5,400 annually ● cell phone: $534 semiannually internet: $204 semiannually • car loan: $2,274 semiannually insurance: $720 quarterly groceries: $4,332 annually • gym membership: $288 annually ● entertainment: $420 annually B I U X² X₂ ● ● ● Expense rent payment utilities cell phone internet car loan insurance Jan 10pt Feb Mar Apr M May Jun Jul Aug Sep Oct 7 of 8 ES Nov Apr 19 Dec 5:49 Save & Exit
- Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $7,780 Purchase season football tickets in September 110 Additional entertainment for each month 270 Pay fall semester tuition in September 4,200 Pay rent at the beginning of each month 370 Pay for food each month 210 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 960 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig Kovar Cash Budget For the Four Months Ending December 31 September October…Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $7,050 Purchase season football tickets in September 100 Additional entertainment for each month 240 Pay fall semester tuition in September 3,800 Pay rent at the beginning of each month 340 Pay for food each month 190 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 870 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig Kovar Cash Budget For the Four Months Ending December 31 September October…Personal budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $10,900 Purchase season football tickets in September 190 Additional entertainment for each month 290 Pay fall semester tuition in September 5,700 Pay rent at the beginning of each month 700 Pay for food each month 640 Pay apartment deposit on September 2 (to be returned December 15) 700 Part-time job earnings each month (net of taxes) 1,400 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Prepare a cash budget for September, October,…
- Relevant data from the Poster Companys operating budgets are: Additional data: Capital assets were sold in January for $10,000 and $4,500 in May. Dividends of $4,500 were paid in February. The beginning cash balance was $60,359 and a required minimum cash balance is $59,000. Use this information to prepare a cash budget for the first two quarters of the yearPersonal Budget At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer $5,750 job) Purchase season football tickets in September 210 Additional entertainment for each month 275 Pay fall semester tuition in September 3,700 Pay rent at the beginning of each month 600 Pay for food each month 235 Pay apartment deposit on September 2 (to be 500 returned December 15) Part-time job earnings each month (net of 1,400 taxes) a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign. Katherine Malloy Cash Budget For the Four Months Ending December 31 September…Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $7,520 Purchase season football tickets in September 100 Additional entertainment for each month 260 Pay fall semester tuition in September 4,100 Pay rent at the beginning of each month 360 Pay for food each month 200 Pay apartment deposit on September 2 (to be returned December 15) 500 Part-time job earnings each month (net of taxes) 930
- Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Cash Receipts Cash payments January $ 526,000 $ 472,800 February 412,000 358,800 March 459,000 528,000 Kayak requires a minimum cash balance of $30,000 at each month-end. Loans taken to meet this requirement charge 1%, interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1. Prepare monthly cash budgets for January, February, and March. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.B. GreenHarxest has prepared a Cash Budget for JANUARY, shown below (GreenHarvest cash balance as at 31st December 2019 is $26,500) Green Harxest Pty Ltd Cash Budget For the period ending January 2020 Jan ($) ANTICIPATED RECEIPTS Fees (cash) 140,000 Receipt of Loan 50,000 Receipt from accounts receivable 45,000 Proceeds from sale of surplus NCA Dividends Received Total receipts | ANTICIPATED PAYMENTS Salaries and wages 20,000 5,000 260,000 70,000 Administration 1,000 Supplies Payment to accounts payable New equipment 8,500 6,000 175,000 Plants 42,000 Total Payments Excess (Deficit) receipts over payments Required: 302,500 (42,500) With reference to the Cash Budget shown above; provide GreenHarvest's.management with the cash balance amount at the end of January. Indicate whether this is an acceptable situation. Further make three (3) suggestions that may help GreenHarxest to improve their cash position +Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $8,860 Purchase season football tickets in September 120 Additional entertainment for each month 310 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 430 Pay for food each month 240 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,100 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig Kovar Cash Budget For the Four Months Ending December 31 September…
