HW6 - Down Under Product Cash Budget Qu Beginning Cash...

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Down U C 1 Beginning Cash Balance 20000 Add cash receipts: 180000 Total cash available: 200000 Total cash disbursements: 260000 Excess (deficiency) of cash: (60000) Financing: Borrowings (start of quarter) 70000 Repayments (end of quarter) 0 Interest Total financing: 70000 Ending cash balance: 10000 Beech Corp Schedule of Expected July Beginning accounts receivable 136000 July sales 94500 August sales September sales Total cash collections 230500 Beech Corp Merchandise Purc July Budgeted sales 210000 Cost of goods sold 126000 Add desired ending inventory 27600 Total needs 153600 Less beginning inventory 62000 Required purchases 91600 Beech Corp Schedule of Expected Cash Disbursem July
Beginning Accounts Payable 71100 July purchases 27480 August purchases September purchases 98580 Beech Corporation Budgeted Income Statement For The Quarter Ended September 30 Sales 660000 COGS 396000 Gross margin 264000 SG&A 180000 Net operating income 84000 Interest expense 0 Net Income 84000 Beech Corporation Balance Sheet For The Quarter Ended September Assets Cash Accounts receivable Inventory PP&E, net of depreciation Total assets Liabilities & Shareholders' Equity Accounts payable Common stock Retained earnings Total liabilities & shareholders' equity Lavage Rapide Planning Budget Budgeted car washes Revenue Expenses: Cleaning supplies Electricity Maintenance Total cash disbursements for

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