Cash BudgetSales for Blue Bill Corporation are projected as follows for the months of June through NovemberJune

Cash BudgetSales for Blue Bill Corporation are projected as follows for the months of June through NovemberJune.

Cash Budget    
     
Sales for Blue Bill Corporation are projected as follows for the months of June through November:
   
June $2,00,000  
July 2,00,000  
August 2,00,000  
September 3,00,000  
October 5,00,000  
November 2,00,000  
     
Credit sales account for 70% of the monthy sales and are collected one month after the sale.
Other receipts for October are $50,000.  
Variable disbursements are 60% of sales each month.
Fixed disbursements are $10,000 each month.  
$80,000 should be included in August for taxes.
The company is obligated to make a $400,000 debt repayment in November.
Beginning cash in June is $50,000.  
Desired ending cash each month is $10,000.  

 

Cash BudgetSales for Blue Bill Corporation are projected as follows for the months of June through NovemberJune

Posted in Uncategorized