Business, 05.06.2020 08:57 vanessacox45

Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30.Beginning cash balance, September 1, $40,000.Budgeted cash receipts from sales in September, $255,000.Raw materials are purchased on account. Purchase amounts are August (actual), $80,000; and September (budgeted), $110,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in the month following purchase. Budgeted cash payments for direct labor in September, $40,000.Budgeted depreciation expense for September, $4,000.Other cash expenses budgeted for September, $60,000.Accrued income taxes payable in September, $10,000.Bank loan interest payable in September, $1,000.

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Answer from: grandpianograce

Answer and Explanation:

According to the scenario, the presentation of the September cash budget is presented below:

September Cash Budget for PTO Co.

Particulars Amount ($)

Opening cash balance 40,000

Add - Cash receipts 225,000

Total cash receipts 265,000

Less - Cash paid for raw material in august (80,000 × 35%)-28,000

Less - Cash paid for raw material in September (110,000 × 65%) -71,500

Less - Direct labor -40,000

Less - Cash expenses -60,000

Less - Income tax paid -10,000

Less- Bank interest -1,000

Ending cash balance 54,500

We simply added the cash receipts as it increased the cash balance and deduct all cash payments as it decreased the cash balance

Answer from: Quest

b $274.07

step-by-step explanation:

you just devide 222 by 0.81

Answer from: Quest

The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. this will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. the disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.

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Use the following information to prepare the September cash budget for PTO Co. The following informa...

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