Expenses the selling and distribution expenses total

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expenses. The selling and distribution expenses total is expected to be 5%, and financial expenses 1%, of each month’s sales. Prepare the operating expenses budget for the three months January to March Sales amount are in $150,000, $175,000 and $180,000 in January, February and March respectively Workings: VC004 College of Sports & Fitness – BSBFIM501_Assignment 22/12/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBFIM501 Parker and Company Operating expenses budget – 20XX January $ February $ March $ General and administration expenses Selling and distribution expenses Financial expenses Total Read the following statements and write if you agree or disagree with the statements. Your analysis must be supported by argument. 1. Cash flow management means managing the cash moving in and out of your business. __________________________________________________________________________ __________________________________________________________________________ 1. Cash outflows usually occur after cash inflows. ________________________________________________________________________ VC004 College of Sports & Fitness – BSBFIM501_Assignment 22/12/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBFIM501 ________________________________________________________________________ 2. Two important benefits of cash flow management are to identify future cash flow problems and to reduce the amount of time between inflows and outflows. ________________________________________________________________________ ________________________________________________________________________ 3. Three of the following are some of the most important components of cash flow. Which one is not? B C D
__________________________________________________________________________ 4. Too much stock may negatively affect your sales ability and your relationship with customers. __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Week 6 Task 22: Part a: Accounts Receivable Collection Schedule and Cash Flow Statement Part b: Create an EXCEL file and complete the calculations through using formula Stock & Co., a manufacturing company, need to produce a cash flow budget as part of an overdraft application with their bank. The following are some of Stock’s budgeted figures: Credit sales $ Purchases $ Wages $ VC004 College of Sports & Fitness – BSBFIM501_Assignment 22/12/2020 International College of Capoeira Pty Ltd trading as ’College of Sports & Fitness’ ABN 90 125 114 730/ Registered Training Organisation 91345/ CRICOS Provider Code 03057C
BSBFIM501 November 39 000 26 975 3 185 December 41 600 31 200 3 900 January 23 400 52 650 3 600 February 37 700 53 300 3 470 March 27 300 58 175 3 380 Budgeted cash at bank on 1 January is $5590. Though credit terms of sale are payment by the end of the month following the month of supply, Stock & Co. can expect half of the sales to be paid on the due date, with the other half being paid during the following month. Creditors are paid during the month following the month of supply. Wages are paid in the month they are owed. Utilising the following tables for format, prepare a cash budget for the quarter 1 January to 31 March 20XX. Workings: Accounts Receivable Collection Schedule January February March Receipts from sales in: $ $ $ November December January February TOTAL COLLECTIONS Cash flow plan January February March $ $ $ Balance b/fwd.

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