Share
Explore BrainMass

# 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

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 \$ \$ \$

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

#### 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 ...

\$2.19