mgt accts 495243

Given C08-29 C08-29 class name print_rep1 print_rep2 print_rep3 print_rep4 prob R_Names R_Nbr rep1 rep2 rep3 rep4 start_rep1 start_rep2 start_rep3 start_rep4 Student Name: Cash Budget Class: Budgeted Income Statement Budgeted Balance Sheet Assets Cash Accounts receivable Inventory Total assets Liabilities and Stockholders’ Equity Accounts payable Capital stock Total liabilities and equity Cash balance, beginning Add receipts from customers Total cash available Less disbursements: Purchase of inventory Financing: Interest Cash balance, ending Sales Cost of goods sold Net operating income Net income June 30 Capital stock, no par Total liabilities and stockholders’ equity June purchases Total cash payments Total financing Total cash collections Repayments Total disbursements Minimum ending cash balance Selling price January (actual) February (actual) March (actual) April May Budgets June July Quarter August September Budgeted sales in units Purchases paid as follows: February sales March sales April sales May sales June sales Total needs Less beginning inventory Unit cost April purchases May purchases Balance sheet at March 31: Accounts receivable Accounts payable, purchases Dividends payable Retained earnings For the Three Months Ending June 30 Utilities Dividends paid Excess (deficiency) of receipts over disbursements Sales in units Commissions Contribution margin Depreciation Less interest expense Accounts receivable at June 30: May sales June sales Total Retained earnings at June 30: Balance, March 31 Add net income Less dividends declared Balance, June 30 Desired ending inventories (percentage of next month’s sales) In month of purchase In following month Collection on sales: Sales collected current month Sales collected following month Sales collected 2nd month following Dividends declared each quarter Total…