Solution
Khushboo answered on
Apr 12 2021
Sheet2
Sheet3
Week 6 DQ #2
for this assignment please explain the initial problem and the initial assumptions, then provide a complete answer. Explain your work in detail atleast 5 references are required for this assignment. One should be the textbook as the source of data.
In table below all given numbers are in black letters, all the found numbers in red
July August Septembe
Sales $ 63,400 $ 80,600 $ 48,600
Budgeted cash payments
Direct Materials $ 12,480 $ 9,900 $ 10,140
Direct Labor $ 10,400 $ 8,250 $ 8,450
Factory Overhead $ 18,720 $ 14,850 $ 15,210
Proforma statement of cash flows
Initial Cash $ 12,900 $ 12,600 $ 19,220
Accounts Payable $ 5,100 $ - 0 $ - 0
Accounts Recievable $ 47,000 $ 64,480 $ 38,880
Loan Payable $ 2,600 $ 7,386 $ - 0
The cash flow from operating activities
Cash received for previous month sales $ 47,000 $ 50,720 $ 64,480
Cash received for cu
ent month sales $ 12,680 $ 16,120 $ 9,720
Sales commission $ 6,340 $ 8,060 $ 4,860
Office salaries $ 4,600 $ 4,600 $ 4,600
Rent $ 7,100 $ 7,100 $ 7,100
Direct Materials $ 12,480 $ 9,900 $ 10,140
Direct Labor $ 10,400 $ 8,250 $ 8,450
Factory Overhead $ 18,720 $ 14,850 $ 15,210
Cash Flow from operating activities $ 40 $ ...