Ch6PDCFirmS-TCashPlanningModel - Cash Budgeting Exercise...

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Cash Budgeting Exercise PDC Company Short-Term Cash Planning Schedule 1: Sales Forecast Credit sales, 40% Cash sales, 60% Schedule 2: Cash Collections Cash sales this month 100% of last month's credit sales Total Collections Schedule 3: Purchases Ending inventory Cost of goods sold Total needed Beginning Inventory Purchases
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Cash Budgeting Exercise Schedule 4: Disbursements for Purchases 50% of last month's purchases 50% of this month's purchases Disbursements for merchandise Schedule 5: Wages and Commissions Wages, all fixed Commissions (15% of current sales) Total Schedule 6: Disbursements-Wages/Comm 50% of last month's expenses 50% of this month's expenses Total
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Cash Budget Beginning cash balance Cash receipts Collections from customers Total cash available for needs, before fin. Cash disbursements: Merchandise Wages and commissions Miscellaneous expenses Rent Truck purchase Total disbursements Minimum cash balance desired Total cash needed Excess of total cash
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This note was uploaded on 06/01/2008 for the course BUSM 1317 taught by Professor Simon during the Three '08 term at Royal Melbourne Institute of Technology.

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Ch6PDCFirmS-TCashPlanningModel - Cash Budgeting Exercise...

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