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Cash Budgeting

Cyrus Brown Manufacturing: Monthly Cash Budget

To avoid any uncertainty regarding his business' financing needs at the time when such needs may arise, Cyrus Brown wants to develop a Cash Budget for his latest venture - Cyrus Brown Manufacturing (CBM). He has estimated the following sales forecast for CBM over the next nine months: March 2004 $250,000 April $275,000

Cash Budget - April, May, June

Credit Sales April May June 160,000 140,000 192,000 Credit Purchases 68,000 64,000 80,000 Cash Disbursements 8,000 7,000 8,400 Interest 3,000 3,000

Cash Budgeting - Requesting a Line of Credit

Helen is planning to request a line of credit from her bank. She has estimated the following sales forecasts for the firm for parts of 2003 and 2004: May 2003 $180,000 June 180,000 July 360,000 August 540,000 September 720,000 October 360,000 November 360,000 December 90,000 January 2004 180,000

Cash Budgets and Operating Budgets

What information is needed in order to prepare a cash budget? What is the relationship between an operating budget and a cash budget? Why is it important for an organization to prepare a cash budget?

Midwest Distributing Company - Merchandising Transactions

See the attached file. Midwest Distributing Company completed these merchandising transactions in the month of April. At the beginning of April, the ledger of Midwest showed Cash of $9,000 and Common Stock of $9,000. April. 2 Purchased merchandise on account from Kane Supply Co. $6,300, terms 2/10, n/30. 4 Sold merchandi

Cash Budgeting for a National Charity

Part 1: Managers have to plan for the future. Assume your firm is a small to midsize not-for-profit organization and that you rely on the percent of sales method of forecasting. What if any are the short comings of this forecasting technique? Why would a cash budget be of particular importance to a firm that experiences seaso

Units Purchased & Income Statement

Master budget, Adams Company, a merchandising firm that sells one product, estimates it will sell 12,000 units of its product at $60 per unit in December. The company has prepared other information to prepare a budget for December, as shown here: Merchandise inventory, December 1 2,000 units Desired merchandise inv

Cash Budgeting Manufacturing Company

Hare Manufacturing Company makes wax for automobiles. As part of overall planning, a cash budget is prepared quarterly each year. You have been asked to assist in preparing the cash budget for the fourth quarter of the company's fiscal year. The following information is available: a. Sales Third Quarter (actual).......

VitaPup produces a vitamin-enhanced dog food that is sold in Kansas.

I really need help solving these practice exercises, please let me know if you can help. Exercise #1 VitaPup produces a vitamin-enhanced dog food that is sold in Kansas. The company expects sales to be 12,600 bags in January, 14,500 bags in February, 19,000 bags in March, and 21,500 bags in April. There are 1,260 bags on h

Riordan Manufacturing: Planning and Budgeting

Research Riordan Manufacturing and prepare a 1,050-1,400-word paper addressing the following topics: 1) Explain the importance of strategic planning in maximizing shareholder wealth. 2) Using the Economic Forecast on the Finance and Accounting intranet, demonstrate how forecasting has been used in the budgeting process for

West Valley Memorial Hospital

The management of West Valley Memorial Hospital needs to prepare a cash budget for July 2006. The following information is available: a. The cash balance on July 1st is $236,000. b. Actual services performed during May and June and projected services for July are: Cash services (bills paid by individuals): May: $110,0

Budgeted Sales and Purchases

Please help me with the following: Bell Company reports sales on credit and pays operating costs in the month incurred. Amounts for 2007 are: March April May June July BUDGET.SALES $300,000 $290,000 $320,000 $280,000 $210,000 BUDGET.PURCH. 144,000 $120,000 $128,000

Prepare Cash Budget - Ace Traders

Good Day, Please assist with the attached question. Regards The following information pertains to Ace Traders for the three months ended 31 May 2007. Actual March Budgeted April May R R R Sales (20% for cash and 80% on credit) 360 000 380 000 400 000 Purchases (10% for cash and 90% on credit) 240 000 280 00

Short Term Financial Management Decisions - Cyrus Brown

To avoid any uncertainty regarding his business' financing needs at the time when such needs may arise, Cyrus Brown wants to develop a Cash Budget for his latest venture- Cyrus Brown Manufacturing (CBM). He has estimated the following sales forecast for CBM over the next nine months: March 2004 $250,000 April 275,000 M

Cash Budget Problem

Complete the following --use the attached spreadsheet template and fill in the blanks (send back as a reply to this note in this, the main newsgroup: CASH BUDGETING PROBLEM Norman Larson, a recent graduate of University of Phoenix with huge potential, has accepted a position as an entry level accountant with Builders R

Cash Budget Development

Attached, is a post containing an MS Excel spreadsheet containing a Cash Budget for the Cyrus Brown Manufacturing Company, which addresses in particular the area of cash budgeting, and cash budget development.

Accounting - cash budgets and variances

See attached file for full problem description. Markus Corporation's sales of gizmos are 25% for cash and 75% on credit. Past collection history indicates that credit sales are collected as follows: 30% in the month of sale 60% in the month following sale 10% in the second month followin

Budgeted Income Statement

P9-6A Kurian Industries' balance sheet at December 31, 2005, is presented below. Additional information accumulated for the budgeting process is as follows. Budgeted data for the year 2006 include the following. Prepare purchases and income statement budgets for a merchandiser. (SO 6) KURIAN INDUSTRIES Balance Sheet Dec

Cash Budget

The Carlquist Company makes and sells a product called Product K. Each unit of Product K sells for $24 and has a unit variable cost of $18. The company has budgeted the following data for November: Sales of $1,152,000, all in cash A cash balance on November 1 of $48,000 Cash disbursements (other than interest) during No

Cash Budgets for Randall Company

Randall Company is a merchandising company that sells a single product. The company's inventories, production, and sales in units for the next three months have forecasted as follows: October November December Beginning Inventory 10,000 10,000 10,000 Merchandise Purchases 60,000 70,000 35,000 Sales 60,000 70,000 40,000

Make a cash flow statement

Superior Manufacturing is thinking of launching a new product. The company expects to sell $950,000 of the new product in the first year and $1,500,000 each year thereafter. Direct costs including labor and materials will be 55% of sales. Indirect incremental costs are estimated at $80,000 a year. The project requires a new

Cash Budget - Rob

Rob runs a small family restaurant that operates on a cash basis. All sales are for cash, but materials necessary to the preparation of meals and drinks are bought on trade credit terms of 2/30 net 60. Sales forecast for the next six months is: Jan 25000 Feb 30000 Mar 40000 Apr 50000 May 30000 Jun 25000 M

Complete a cash forecast covering three months of business using the given data.

Complete a cash forecast covering three months of business using the included data. A firm has actual sales of $65,000 in April and $60,000 in May. It expects sales of $70,000 in June, $100,000 in July, and $100,000 in August. One quarter (25%) of these sales are cash. Of the credit sales, 70% are collected one month after

Computing a Master Budget

Mogel Enterprises, a chocolate distribution company, prepares its master budget on a monthly and quarterly basis. For the months of January, February and March , you are to compute the: (a) Schedule of expected cash collections (b) Inventory purchase budget and Cash Disbursements (c) Cash budget Facts: (1) Act

Monthly cash budget for Pepperton

Using the information attached, construct a monthly cash budget for Pepperton for January through March 2006. Does it appear from your results that the treasurer should be concerned about investing excess cash or looking for a bank loan?

Cash budgets

What is the main reason for preparing a cash budget in the master budgeting process? What additional steps need to be taken for seasonal businesses to ensure an optimal outcome? What are the risks associated with inaccuracies in preparing the pro forma income statement and cash budget?

Develop a Cash Budget

P1. Longhorn Casing, Inc. supplies pipe and other materials to energy companies. It has actual sales of $65,000 in January and $60,000 in February. It expects sales of $70,000 in March, $100,000 in April, and $100,000 in May. One quarter (25%) of these sales are cash. Of the credit sales, 70% are collected one month after t