Copy of Master+Budget - Earrings Unlimited 1 a Sales budget...

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Earrings Unlimited 1 a Sales budget April Sales (units) 65,000 Sales (dollars) $650,000 b Cash collections from sale April February sales $26,000 March sales $280,000 April sales $130,000 May sales June sales Total collections $436,000 c Merchandise purchase budget April In units Desired ending inventory 40,000 Add: Sales during the month 65,000 Less: Opening inventory (26,000) Purchases 79,000 Purchases (in dollars) @$4 per unit $316,000 d Cash disbursement for purchases April March purchases $100,000 April purchases $158,000 May purchases June purchases Total disbursements $258,000 2 Cash budget April Beginning cash balance $74,000 Receipts from customers $436,000 Total cash $510,000 Cash disbursements: To vendors for purchases $258,000 Sales commissions $26,000
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Advertising $200,000 Rent $18,000 Salaries $106,000 Utilities $7,000 Purchase of new equipment $- Payment of dividends $15,000 Interest on borrowings $- Total disbursements $630,000 Excess(Deficiency) of Cash Available $(120,000)
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This note was uploaded on 08/24/2011 for the course MM 522 taught by Professor Fisher during the Spring '08 term at Keller Graduate School of Management.

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Copy of Master+Budget - Earrings Unlimited 1 a Sales budget...

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