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Project A Excel Template - PROJECT A Case 9-30 Student Name...

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PROJECT A - Case 9-30 Student Name: Michele Baker SALES BUDGET: April May June Quarter Budgeted unit sales 65,000 100,000 50,000 215,000 Sales in Units Selling price per unit 10 10 10 10 x price per unit Total Sales 650,000 1,000,000 500,000 2,150,000 Total Sales SCHEDULE OF EXPECTED CASH COLLECTIONS: April May June Quarter February sales 26,000 26,000 Current month's sales x 20% March sales 28,000 4,000 32,000 (+) previous mont's sales x 70% April sales 130,000 455,000 65,000 650,000 (+) two month's ago sales x 10% May sales 20,000 70,000 90,000 Total Cash Collection for current month June sales 10,000 10,000 ** do this for each month Total Cash Collections 184,000 479,000 145,000 808,000 MERCHANDISE PURCHASES BUDGET: April May June Quarter Budgeted unit sales 65,000 100,000 50,000 215,000 Add desired ending inventory 40,000 20,000 12,000 72,000 40% of next month's sales Total needs 105,000 120,000 62,000 287,000 add desired end inv. And budgeted unit sales Less beginning inventory 16,000 40,000 20,000 76,000 subtract begin inv. (40% of current month) Required purchases 89,000 80,000 42,000 211,000 Cost of purchases @ $4 per unit 356,000 320,000 168,000 844,000 BUDGETED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES: April May June Quarter Accounts payable 100,000 - - 100,000 April purchases 151,000 151,000 - 302,000
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