A PROJECT - A PROJECT Case 9-30 Student Name Tamika Jackson...

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Unformatted text preview: A PROJECT - Case 9-30 Student Name: Tamika Jackson SALES BUDGET: Budgeted unit sales Selling price per unit Total Sales April 65,000 10.00 $650,000 May 100,000 10.00 $1,000,000 June 50,000 10.00 $500,000 SCHEDULE OF EXPECTED CASH COLLECTIONS: April February sales 26,000 March sales 280,000 April sales 130,000 May sales June sales $436,000 Total Cash Collections May 40,000 455,000 200,000 June 65,000 700,000 100,000 $695,000 $865,000 MERCHANDISE PURCHASES BUDGET: April Budgeted unit sales Add desired ending inventory Total needs Less beginning inventory Required purchases Cost of purchases @ $4 per unit 65,000 40,000 65,000 (26,000) May 100,000 20,000 100,000 (40,000) June 50,000 12,000 50,000 (20,000) 79,000 $316,000 80,000 $320,000 42,000 $168,000 BUDGETED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES: April May Accounts payable 100,000 April purchases 158,000 158,000 May purchases 160,000 June purchases Total cash payments $258,000 $318,000 June 160,000 84,000 $244,000 Cash balance Add collections...
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