Exercise 9-21 Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) Fill in the missing amounts in the following schedules. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Retained earnings, 12/31/x0 Net income for 20x1 Dividends paid in 20x1 Retained earnings, 12/31/x1 $ 2,050,000 400,000 < Required 4 Required 5 >
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- Exercise 9-21 Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) Fill in the missing amounts in the following schedules. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Accounts receivable, 12/31x0 Sales on account during 20x1 Collections of accounts receivable during 20x1 Accounts receivable, 12/31x1 340,000 t 900,000 (780,000) *Half of each month's sales are on account. March sales amounted to $60,000. 160% of credit sales is collected in the month of sale; 40% is collected in the following month. +Yen is the Japanese national currency.Identifying missing budget items Here is a portion of Joshua Sanders' budget record for a recent month. Fill in the blanks in columns 5 and 6. Use minus sign to enter negative numbers. If an amount is zero, enter "0". Amount Amount Beginning Monthly Surplus Cumulative Surplus Item Budgeted Spent Balance (Deficit) (Deficit) (1) (2) (3) (4) (5) (6) Rent $600 $630 $30 $ $ Utilities 160 172 -5 Food 500 490 -2 Auto 55 5 -5 Recreation and entertainment 120 110 -20EX 9-21 (Algo) Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) For each independent situation complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. Half of each month's sales are on account. March sales amounted to $199,500. 70% of credit sales is collected in the month of sale; 30% is collected in the following month. Sales Cash receipts: From cash sales From sales on account Total cash receipts April May June $ 266,000 $ 199,500 $ 150,600 109,725
- Part D Ken has created a budget, but he wonders if the budget fits his needs. Why would it be useful for Ken to keep records of his expenses and examine them at the end of the year? BIUX² X₂ 15px Space used (includes formatting): 0/15000 O A 2 6 13 8 19 Apr 3 11:36 OData Year 2 Quarter Year 3 Quarter 1 2 3 4 1 2 Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 • Selling price per unit • Accounts receivable, beginning balance • Sales collected in the quarter sales are made • Sales collected in the quarter after sales are made • Desired ending finished goods inventory is • Finished goods inventory, beginning • Raw materials required to produce one unit • Desired ending inventory of raw materials is • Raw materials inventory, beginning • Raw material costs • Raw materials purchases are paid and • Accounts payable for raw materials, beginning balance $12 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 •Direct labor cost per hour •Direct labor hour per unit $15 per hour 0.2 hour per unit $2 per hour $60,000 •Variable MOH rate…Exercise 9-21 Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) Fill in the missing amounts in the following schedules. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing amounts in the following schedules. April May June Sales* 80,000 s 60,000 Cash receipts: From cash sales 45,000 From sales on accountt 34,000 Total cash receipts *Half of each month's sales are on account. March sales amounted to $60,000. 160% of credit sales is collected in the month of sale; 40% is collected in the following month. +Yen is the Japanese national currency.
- Exam Business XYZ has the following projected budget and actual budget for a given month: Budget Actual $25,000 25,575 Рayroll Inventory 12,500 11,900 Rent 7,500 7,600 Services 5,000 5,200 Calculate the percent change that the total of all categories is over budget. [?]% Give your answer as a percent rounded to the nearest tenth. Enter Copyright 2003 - 2021 Acellus Corporation. All Rights Reserved.10:55 1 ll 4G A Ims.act.edu.om riay yuestIOIn Al Maha Hardware Co has the following budgeted figures for expenses for the year 2018 Month Expenses (OMR) February 3,400 March 3,800 April 4,000 Мay 4,400 June 4,600 Time Lag in payment of expenses is ¼ month. What is the budgeted payment of expenses for the month of May 2018? Previous page Next page* CengageNOWv2 | Online teachin x ome keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еBok Show Me How Print Item 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 ca 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) $9,250 Purchase season football tickets in September 160 Additional entertainment for each month: 250 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 600 Pay for food each month. 550 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,200 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a…
- 3 ok t ances Required: Complete Iguana's budgeted income statement for quarter 2. (Round cost per unit in intermediate calculations and final answers to 2 decimal places.) Budgeted Gross Margin Budgeted Net Operating Income IGUANA, INC. Budgeted Income Statement For the Quarter Ending June 1 April May June 2nd Quarter TotalKAYAK COMPANYCash Budget JanuaryFebruaryMarchBeginning cash balance$30,000 $30,000 Add: Cash receipts525,000 400,000 450,000 Total cash available555,000 430,000 Less: Cash payments for All items excluding interest Interest on loan Total cash payments0 0 0 Preliminary cash balance Additional loan (loan repayment) Ending cash balance Loan balanceLoan balance - Beginning of month Additional loan (loan repayment) Loan balance, end of month$0 $0 $0ttps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com... Homework Problems i September-actual October-actual November-estimated December-estimated Total estimated for the current year Saved Units 40,000 60,000 80,000 50,000 800,000 Barnum Distributors wants a projection of cash receipts and cash payments for the month of November. On November 28, a note will be payable in the amount of $98,500, including interest. The cash balance on November 1 is $29,600. Accounts payable to merchandise creditors at the end of October were $217,000. The company's experience indicates that 70 percent of sales will be collected during the month of sale, 20 percent in the month following the sale, and 7 percent in the second month following the sale; 3 percent will be uncollectible. The company sells various products at an average price of $11 per unit. Selected sales figures are as follows. Help Budgeted operating expenses for…