Practice UNIVAX Question 2 (Solved)

Practice UNIVAX Question 2 (Solved) - INPUT YR1 Q4 YR2 Q1...

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INPUT YR1 Q4 YR2 Q1 YR2 Q2 YR2 Q3 YR2 Q4 SALES 300,000 400,000 500,000 600,000 480,000 PURCHASES 180,000 260,000 310,000 370,000 240,000 SALES COLLECTION SALES QUARTER 33% 1 QUARTER 65% UNCOLLECTIBLE 2% PAYMENT PATTERN PURCHASE QUARTER 20% 1 QUARTER 80% OPERATING EXPENSE 90,000 90,000 90,000 90,000 % OF SALES 12% 48,000 60,000 72,000 57,600 TOTAL EXPENSE 138,000 150,000 162,000 147,600 DEPRECIATION 20,000 20,000 20,000 20,000 DIVIDENDS 10,000 10,000 10,000 10,000 LAND PURCHASES - 80,000 48,500 - OPENING BALANCE 20,000 MINIMUM BALANCE 18,000
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MODEL CASH BUDGET FOR YEAR 2 TOTAL INFLOWS Q1 Q2 Q3 Q4 SALES SALES QUARTER 132,000 165,000 198,000 158,400 20% 1 QUARTER 195,000 260,000 325,000 390,000 30% BORROWINGS - - 20,700 - 40% TOTAL INFLOWS 327,000 425,000 543,700 548,400 50% TOTAL OUTFLOWS PURCHASES 324,000 10,000 PURCHASE QUARTER
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