chapter 8 - Josh Lonigro Chap 8-17 Cash Budget Beginning cash balance Add cash recipts Collection from customers Total cash available Less cash

chapter 8 - Josh Lonigro Chap 8-17 Cash Budget Beginning...

This preview shows page 1 - 5 out of 5 pages.

Josh Lonigro Chap 8-17 Cash Budget Beginning cash balance $9,000 Add cash recipts: Collection from customers 184,000 Total cash available $193,000 Less cash disbursements: Merchandise purchases 111,000 Selling and admin 72,000 Refrigerating equip 6,500 Total Cash disbursments 189,500 Excess of cash available over disbursments $3,500 Financing: Borrowings 20,000 Repayments -14500 Interest -100 Total financing 5,400 Ending Cash balance $8,900
Image of page 1
schedule of expected cash collections beginning accounts receivable 54000 may sales 130000 total cash collections 184000
Image of page 2
Schedule of expected cash disbursments for merchandise purchases Beginning accounts payable 63,000 May purchases (120,000 x 40%) 48,000 Total disbursments 111,000
Image of page 3
Budgeted Income Statement
Image of page 4
Image of page 5

You've reached the end of your free preview.

Want to read all 5 pages?

  • Fall '12
  • Staff
  • Balance Sheet, Generally Accepted Accounting Principles, gross margin, Liabilites and Equity, Josh Lonigro

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes