answer 21-1 and 21-2give me the calculation process Activity 21-1 The beginning cash balance...
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answer 21-1 and 21-2give me the calculation process
Activity 21-1 The beginning cash balance is $20,000. Sales are forecasted at $800,000 of which on credit 70% of credit sales are expected to be expenditures for the year are forecasted at $500,000. Accounts receivable fro accounting periods totaling $12,000 will be collected in the current year. The required to make a $20,000 loan payment and an annual interest payment on the year. The loan balance as of the beginning of the year is $120,000, and the annual interest rate is 10%. 80% will be collected in the year of sale. Cash vable from previous company is last day of the Instructions How much will be reported as 'cash' on the budgeted balance sheet? 21-2 Hease Company is preparing its master budget for 2010. Relevant data pertaining to its sales budget are as follows Sales for the year are expected to total 6,000,000 units. Quarterly sales are 25%, 30%, 15%, and 30%, respectively. The sales price is expected to be $2.00 per unit for the first quarter and then be increased to $2.30 per unit in the second quarter Instructions Prepare a sales budget for 2010 for Hease Company
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