Home » The treasurer of unisyms company has accumulated the following budget

The treasurer of unisyms company has accumulated the following budget

I already have the question completed to my best ability, but am just looking for someone to double check it.

Here’s the question again in case it didn’t go through on the little bar above, and my answer is posted below:


The treasurer of Unisyms Company has accumulated the following budget information for the first two months of the coming year:








Manufacturing costs



Selling and administrative  



Capital additions



The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.

Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.

Prepare a monthly cash budget for March and April.



Unisyms Company Unisyms Company
Schedule of Collections from Sales Cash Budget
For Two Months Ending April 30 For Two Months Ending April 30
 MarchApril  MarchApril
Cash Sales:$157,500$182,000 Estimated Cash receipts from:  
         Cash Sales$157,500$182,000
Sales on Account:        Collections of accounts receivable$285,000$328,900
     Collection from month prior sales$51,000$58,500           Total cash receipts$442,500$510,900
     Collection from current month’s sales$234,000$270,400 Estimated cash payments for:  
Total Sales on Account$285,000$328,900      Manufacturing costs$174,500$305,000
    Selling and administrative expenses$37,000$37,500
    Capital additions$250,000 
Unisyms Company Note Payable  
Schedule of Payments for Manufacturing Costs Dividends  
For Two Months Ending April 30 Income taxes $40,000
 MarchApril      Total cash payments$461,500$382,500
Payments of prior month’s manufacturing costs$102,000$217,500 Cash increase (decrease)($19,000)$128,400
Payments of current month’s manufacturing costs$72,500$87,500 Cash balance at beginning of month$45,000$26,000
Total Payments$174,500$305,000 Cash balance at end of month$26,000$154,400
    Minimum cash balance$20,000$20,000
    Excess (deficiency)$6,000$134,400
Unisyms Company    
Schedule of Payments for Selling & Admin Expenses    
For Two Months Ending April 30    
Payments of prior month’s manufacturing costs$19,500$17,500    
Payments of current month’s manufacturing costs$17,500$20,000    
Total Payments$37,000$37,500    
Manufacturing Costs:$290,000$350,000    
Selling & Admin Expenses:$41,400$46,400    
Capital Additions:$250,000     
Total Sales on Account:$292,500$338,000    
March 1 Current Assets:      
Accounts Receivable:$51,000     
March 1 Current Liabililities:      
Accounts Payable:$121,500     
Materials Purchased:$102,000     
Operating Expenses:$19,500     
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more