Business, 30.12.2020 19:30 Funkyatayo

Assume that Waycross Manufacturing manages its cash flow from its home office. Waycross controls cash disbursements by category and month. In setting its budget for the next six months, beginning in July, it used the following managerial guidelines: Category Guidelines
Purchases Pay half in current and half in following month.
Payroll Pay 90% in current month and 10 percent in following
month.
Loan Payments Pay total amount due each month.
Predicted activity for selected months follow:
Category May June July August
Purchases $30,000 $46,000 $48,000 $50,000
Payroll 100,000 130,000 120,000 100,000
Loan Payments10,000 10,000 12,000 12,000
Prepare a schedule showing cash disbursements by account for July and August.

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Answer from: krandall232

Waycross Manufacturing

A Schedule, showing cash disbursements by account for July and August:

Category July August

Purchases $ 47,000 $ 49,000

Payroll 121,000 102,000

Loan Payments 12,000 12,000

Total cash disbursements $180,000 $163,000

Explanation:

a) Data:

Predicted activity for selected months follow:

Category May June July August

Purchases $30,000 $46,000 $48,000 $50,000

Payroll 100,000 130,000 120,000 100,000

Loan Payments 10,000 10,000 12,000 12,000

b) Calculations:

Category May June July August

Purchases (50/50) $15,000 $15,000

23,000 $23,000

24,000 $24,000

25,000

Purchases $47,000 $49,000

Payroll (90/10) $90,000 $10,000

117,000 $13,000

108,000 $12,000

90,000

Payroll $121,000 $102,000

Loan Payments (100%) 10,000 10,000 12,000 12,000

Answer from: Quest

i would ask my boss to do more things around the car shop. and i would slowly work my way up to working on cars and becoming a full time mechanic.

Answer from: Quest

the answer is either c or b, i cant be to sure tho.

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Assume that Waycross Manufacturing manages its cash flow from its home office. Waycross controls cas...

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