AcctFinal - a Schedule of Expected Cash Collections for...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
a. Schedule of Expected Cash Collections for November and December October November December January Sales Budgeted $390,000 $370,000 $380,000 From October 71,000 From November 351,000 19,500 From December 333,000 18,500 Total $422,000 $352,500 $774,500 b. Merchandise Purchases Budget for November and December October November December January Budgeted sales $390,000 $370,000 $380,000 $760,000 Budgeted COGS 234,000 222,000 228,000 456,000 For November 163,800 70,200 For December 155,400 66,600 For January 159,600 68,400 Total budgeted purchases $225,600 $226,200 $451,800 c. Cash Budget for November and December November December Beginning balance $25,000 $191,200 $25,000 Cash receipts 422,000 352,500 774,500 Total cash available 447,000 543,700 990,700 Cash disbursement Purchasing expense 234,000 222,000 456,000 Other expenses 21,800 21,800 43,600 Total cash disbursement 255,800 243,800 499,600 Excess/Deficiency 191,200 299,900 491,100 Financing Borrowing - - - Repayments - (232,000) (232,000)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 3

AcctFinal - a Schedule of Expected Cash Collections for...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online