5) Complete the cash budget for February 2023 for BWS Corp. per the table below. Receivable...
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5) Complete the cash budget for February 2023 for BWS Corp. per the table below. Receivable and payable are all due on the second month: Company: BWS Corp. Sales and inventory schedule (forecast) Sales cash sales 60% receivables 40% Cash Budget Beginning cash This month cash sales cash receipts from prior month Total cash in-flow Inventory (COGS at 40%) cash 50% Dec. 2022 $31,000 $12,000 payables 50% Total cash Inventory payment Total cash operating expenses Total cash outflow Net cash flow Ending cash $12,400 6, 200 $6,200 $40,000 2023 forecast January $30,000 $18,000 $12,000 $40,000 $18,000 $12,000 $30,000 $12,000 $6,000 $6,000 $12,200 $14,000 $26,200 $3,800 $43,800 February $32,000 $14,000 5) Complete the cash budget for February 2023 for BWS Corp. per the table below. Receivable and payable are all due on the second month: Company: BWS Corp. Sales and inventory schedule (forecast) Sales cash sales 60% receivables 40% Cash Budget Beginning cash This month cash sales cash receipts from prior month Total cash in-flow Inventory (COGS at 40%) cash 50% Dec. 2022 $31,000 $12,000 payables 50% Total cash Inventory payment Total cash operating expenses Total cash outflow Net cash flow Ending cash $12,400 6, 200 $6,200 $40,000 2023 forecast January $30,000 $18,000 $12,000 $40,000 $18,000 $12,000 $30,000 $12,000 $6,000 $6,000 $12,200 $14,000 $26,200 $3,800 $43,800 February $32,000 $14,000
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To complete the cash budget for February 2023 for BWS Corp we need to use the given data in the sales and inventory schedule forecast to fill in the c... View the full answer
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
Posted Date:
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