Acc 505 Matuseski & Aziz Corporation

(TCO F) Matuseski Corporation is preparing its cash budget for October. The budgeted beginning cash balance is $17,000. Budgeted cash receipts total $187,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $40,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due until the following month.

 

Required: Prepare the company’s cash budget for October in good form.

 

(TCO B) Aziz Corporation produces and sells a single product. Data concerning that product appear below. Selling price per unit $130.00

Variable expense per unit $27.30

Fixed expense per month $165,3

  

 Required: Determine the monthly break-even in either unit or total dollar sales. Show your work!