Purchase Solution

Forecasting and Budgeting

Not what you're looking for?

Ask Custom Question

Given the following information, complete the cash budget:

a. Collections occur one month after the sale

b. January's credit sales were $80,000

c. The firm has a certificate of deposit for $40,000 that matures in April

e. The monthly mortgage payment is $25,000

f. Monthly depreciation is $20,000

g. Property tax of $35,000 is due in February

February March April
Sales $150,000 $200,000 $250,000
Cash sales 30,000 20,000 60,000
Collections
Other receipts
Total cash receipts
Salaries
Other disbursements
Total cash disburesments
Net change during the month
Beginning cash 30,000
Ending cash
Requierd level of cash 10,000 10,000 10,000
Excess cash or (shortage)

Purchase this Solution

Solution Summary

The file contains
1. Cash budget.
2. Working notes for calculations and conceptual understanding

Solution Preview

Hello

Please see the attached excel file. The file contains

1. Cash budget. The ...

Purchase this Solution


Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.