EFM-16problem - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17...

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16problem 3/22/2010 7:08 11/2/2005 Chapter 16. Solution to End-of-Chapter Comprehensive/Spreadsheet Problem Problem 16-11 This spreadsheet develops a cash budget as required for Problem 16-10, Part a. It then goes on to ask and answer a few additional questions. Input Data Collections during month of sale 10% Assumed constant. Don't change. Collections during month after sale 75% Formula. Don't change. Collections during second month after sale 15% Allow this value to change to reflect slower collections. Lease payments $9,000 General and administrative salaries $27,000 Depreciation charges $36,000 $63,000 Miscellaneous expenses $2,700 New design studio payment $180,000 Cash on hand July 1 $132,000 Minimum cash balance $90,000 Sales adjustment factor 0% Sales $180,000 $180,000 $360,000 $540,000 $720,000 $360,000 $360,000 $90,000 $180,000 $90,000 $90,000 $126,000 $882,000 $306,000 $234,000 $162,000 $90,000 a. Prepare a monthly cash budget for the last 6 months of 2006. The Cash Budget May June July August September October November December January Collections and purchases worksheet Sales (gross) $180,000 $180,000 $360,000 $540,000 $720,000 $360,000 $360,000 $90,000 $180,000 Collections During month of sale 18,000 18,000 36,000 54,000 72,000 36,000 36,000 9,000 During 1st month after sale 135,000 135,000 270,000 405,000 540,000 270,000 270,000
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EFM-16problem - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17...

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