Consider the following loan scenario for Questions 36 throug…

Consider the following loan scenario for Questions 36 through 39: Loan Amount: $300,000 Interest Rate: 10% Term to Maturity: 25 Years Monthly Debt Service: $2,726 Frequency Debt Paid: Monthly What would be the mortgage interest allocation for the month one payment?

Bengal Co. provides the following unit sales forecast for th…

Bengal Co. provides the following unit sales forecast for the next three months:    July   August   September   Sales units 5,000   5,700   5,560    The company wants to end each month with ending finished goods inventory equal to 25% of the next month’s sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for July are:

Use the following information to determine the ending cash b…

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. Beginning cash balance on June 1, $73,000. Cash receipts from sales, $413,000. Budgeted cash payments for purchases, $268,000. Budgeted cash payments for salaries, $35,000. Other budgeted cash expenses, $57,000. Cash repayment of bank loan, $32,000. Budgeted depreciation expense, $34,000.