Quiz+4+Solution+Spring - Sales Budget Planned units x...

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Sales Budget January February March Planned units 7,500 9,250 10,750 x Selling Price $53 $53 $53 Budgeted Revenue $397,500 $490,250 $569,750 Purchases Budget January February March Planned units 7,500 9,250 10,750 + Desired EI 1,850 2,150 2,100 Total Needed 9,350 11,400 12,850 - BI 4,750 1,850 2,150 Units to be Purchased 4,600 9,550 10,700 x Cost $30 $30 $30 Budgeted Purchases $138,000 $286,500 $321,000 Selling Exp. Budget January February March Budgeted Revenue $397,500 $490,250 $569,750 x Commission % 0.2 0.2 0.2 Sales Commissions $79,500 $98,050 $113,950 Sales Salaries 6,000 6,000 6,000 Budgeted Sell. Exp. $85,500 $104,050 $119,950 G&A Budget January February March G&A Salaries $13,000 $13,000 $13,000 Maintenance Exp. 2,100 2,100 2,100 Interest Exp. 140 12 Deprec. Exp. 6,000 7,000 7,300 Budgeted G&A Exp. $21,240 $22,112 $22,400 Cap Ex Budget January February March Equipment $36,000 $96,000 $28,800 Land 0 0 155,000 Budgeted Acquisitions $36,000 $96,000 $183,800 Cash Budget January February March Cash Receipts: Cash Sales $79,500 $98,050 $113,950 Credit Sales: Dec 2009 130,000 390,000 Jan 2010 181,260 136,740 Feb 2010 223,554 Total Cash Receipts $209,500 $669,310 $474,244 Cash Disbursements: Merchandise Pmts: Dec 2009 $70,000 $275,000 Jan 2010 $27,600 $110,400 Feb 2010 $57,300 Selling Exp. 85,500 104,050 119,950 G&A Exp. 15,240 15,112 15,100 Cap Acq. 36,000 96,000 183,800 Taxes 0 0 91,000 Total Cash Disb.
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