Purchase Solution

HOW TO SHOW MATH CALCULATIONS

Not what you're looking for?

Ask Custom Question

4.Complete the Cash Budget for the following Company with the following known data and past experience activity rates:

January February March

SALES : $220,000 $272,000 $304,000

CASH (Receipts) :

There is NO remaining balance or cash due from December 2007.

40% of sales are paid to the company within the month.

65% of the remainder of sales is paid the following month

The balance or 35% is paid after the second month

Disbursements (Payments):

COGS: 70% of the monthly sales

Interest on notes: Due a week before the end of the 1st Quarter = $2,245.00

Income Taxes: Due on February 15, 2008 = $2,500.00

Dividends for the year 2007:

Dividends are paid to the Shareholders on January 11, 2008 = $17,250.00

Payroll: January = $32,250 February = $33,800 March = $41,400

GOLD METAL PRODUCTION

Cash Budget

For the First Quarter of 2008

January February March

---------------------------------------------------------------------------------------------------------

Beginning Cash Balance ...... $152,500 $ $

CASH Receipts:

Current Cash Sales

From prior month

From previous months

_________ ___________ ___________

Total Cash Available: $ $ $

CASH Disbursements:

Cost of Goods sold $ $ $

Interest on notes

Income Taxes

Dividends Paid

Payroll

_________ ____________ ___________

Total Disbursements $ $ $

_________ ____________ ___________

Ending Cash balance $ $ $

======== ========== ==========

Purchase this Solution

Solution Preview

HOW TO SHOW MATH CALCULATIONS
4.Complete the Cash Budget for the following Company with the following known data and past experience activity rates:

January February March ...

Purchase this Solution


Free BrainMass Quizzes
Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Introduction to Finance

This quiz test introductory finance topics.