Question: please help id appreciate it thank you! please do the expected cash budgets and cash flow budget and then all the otjer ones too earnings



earnings was $1,634,442 at the beginning of the quarter. Accounts receivable had a beginning balance of $1,200,000. Seventy percent of sales are collected in the month of sale and 30 percent are collected in the following month. Accounts payable had a beginning balance of $900,000. Forty percent of purchases are paid for in the month of purchase and 60 percent are paid for the following month. Cash had a beginning balance of $2,000,000 on July 1 . The company pays a 3% commission on sales. The company issued an additional $57,600 in common stock during the period. Company has fixed selling and administrative expenses as follows: Rent $6,000 month Utilities $1,200/ month Advertising $400/ month Office Salaries $35,000 imonth Complete the following instructions: A. Prepare a sales budget and schedule of expected tash follections for the quarter. B. Prepare a production budget for the quarter: C. Prepare a direct materials budget in pounds and dollars for the quarter and schedule of expected cash disbursements Prepare a direct labor budgot in hours and total cost for the quarter Prepare a manufacturing overhead budget for the quarter. Prepare a seling and administrative expense budget for the quarter. Prepare a cash budgot for the quarter. Prepare a budged income statement for the quarter-the corporation pays 21% of net operating income in federal income taxes (the state is incorporated in South Dakota where there is no state income tax) Prepare a budgeled balance sheet at the end of the quarter Accounting Artifacts is a business created to sell lifesize abaci. Below are details regarding the budgetary assumpts for quarter three. Complete the following instructions: A. Prepare a sales budget and schedule of expected cash follections for the quarter. B. Prepare a production budget for the quarter. C. Prepare a direct D. Prepare a direct labor budget in hours and total cost for the quarter. E. Prepare a manufacturing overhead budget for the quarter. F. Prepare a selling and administrative expense budget for the quarter. G. Prepare a cash budget for the quarter. H. Prepare a budged income statement for the quarter-the corporation pays 21% of net operating income in federal income taxes (the state is incorporated in South Dakota where there is no state income tax). 1. Prepare a budgeted balance sheet at the end of the quarter. earnings was $1,634,442 at the beginning of the quarter. Accounts receivable had a beginning balance of $1,200,000. Seventy percent of sales are collected in the month of sale and 30 percent are collected in the following month. Accounts payable had a beginning balance of $900,000. Forty percent of purchases are paid for in the month of purchase and 60 percent are paid for the following month. Cash had a beginning balance of $2,000,000 on July 1 . The company pays a 3% commission on sales. The company issued an additional $57,600 in common stock during the period. Company has fixed selling and administrative expenses as follows: Rent $6,000 month Utilities $1,200/ month Advertising $400/ month Office Salaries $35,000 imonth Complete the following instructions: A. Prepare a sales budget and schedule of expected tash follections for the quarter. B. Prepare a production budget for the quarter: C. Prepare a direct materials budget in pounds and dollars for the quarter and schedule of expected cash disbursements Prepare a direct labor budgot in hours and total cost for the quarter Prepare a manufacturing overhead budget for the quarter. Prepare a seling and administrative expense budget for the quarter. Prepare a cash budgot for the quarter. Prepare a budged income statement for the quarter-the corporation pays 21% of net operating income in federal income taxes (the state is incorporated in South Dakota where there is no state income tax) Prepare a budgeled balance sheet at the end of the quarter Accounting Artifacts is a business created to sell lifesize abaci. Below are details regarding the budgetary assumpts for quarter three. Complete the following instructions: A. Prepare a sales budget and schedule of expected cash follections for the quarter. B. Prepare a production budget for the quarter. C. Prepare a direct D. Prepare a direct labor budget in hours and total cost for the quarter. E. Prepare a manufacturing overhead budget for the quarter. F. Prepare a selling and administrative expense budget for the quarter. G. Prepare a cash budget for the quarter. H. Prepare a budged income statement for the quarter-the corporation pays 21% of net operating income in federal income taxes (the state is incorporated in South Dakota where there is no state income tax). 1. Prepare a budgeted balance sheet at the end of the quarter
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