Sales for October, November, and December Are Expected to Be

question 62

Essay

Sales for October, November, and December are expected to be $200,000, $180,000, and $220,000, respectively, for the Gurumai Company. All sales are on account (terms 2/15, net 30 days) and are collected 50 percent in the month of sale and 50 percent in the following month. One-half of all sales discounts are taken on the average. Materials are purchased one month before being needed, and all purchases and expenses are paid for as incurred. Activities for the quarter are expected to be: $\begin{array}{lrrr}&(\text { October }&\text {November}&\text { December }\\\text { Materials used } & \$ 40,000 & \$ 36,000 & \$ 44,000 \\\text { Sal aries } & 70,000 & 68,000 & 72,000 \\\text { Maintenance and repairs } & 18,000 & 18,000 & 18,000 \\\text { Depreci ation } & 36,000 & 36,000 & 36,000 \\\text { Utilities and other } & 14,000 & 14,000 & 14,000 \\\text { Dividends pad } & -0- & 10,000 & -0- \\\text { Payment on bonds } & 8,000 & 8,000 & 8,000\end{array}$ Required:
Using the given information, prepare a cash budget for November.

Analyze the socioeconomic factors affecting families, including income levels, employment, and access to resources.

Understand the process of boundary setting and negotiation within families and between families and the outside world.

Familiarize with the specific challenges faced by non-traditional and blended families.

Grasp the concept of family life cycle and the predictive nature of family experiences.