Course Content / Chapter 8 / Chapter 8 Homework Chapter 8 Homework Various budgets Compute the required answer for each of the following independent situations. $0 b. Tommy's Company has projected the following information for October: Sales Gross profit (based on sales) Increase in Merchandise Inventory in Octobe $800,000 Decrease in Accounts Payable for October $45,000 What are expected cash disbursements for inventory purchases for October? \$0 much cash will the company pay for budgeted overhead in March? Company's budgeted March OH:$0 Cash paid for budgeted March OH:$0 \begin{tabular}{|l|l|} \hline Payoff of note payable \\ \hline Interest on note payable \\ \hline \end{tabular} Purchase of computer system Payments for operating costs and inventory purchases Direct labor payments Cash overhead payments Cash selling and administrative payments The company can, if necessary, borrow in $1,000 amounts. Prepare a cash budget for next year. Beginning cash balance Cash collections Total cash available Payoff of note payable Interest on note payable Purchase of computer system Operating costs and inventory purchases Direct labor wage Overhead costs Selling and administrative costs Total cash disbursements Cash excess (deficiency) Minimum cash balance needed Cash available (needed) Financing required Ending cash balance Check \begin{tabular}{|r|} \hline$52,500 \\ \hline 4,700 \\ \hline 17,900 \\ \hline 193,500 \\ \hline 110,000 \\ \hline 106,400 \\ \hline 94,800 \\ \hline \end{tabular} in $1,000 amounts. Prepare a cash budget for next year. Type here to search 9 (B) 11:16 16PM