Essay About Total Needs And Cash Collections

Project A
Project A
PROJECT A – Case 9-30
Student Name:
SALES BUDGET:
April
Quarter
Budgeted unit sales
Selling price per unit
Total Sales
SCHEDULE OF EXPECTED CASH COLLECTIONS:
April
Quarter
February sales
March sales
April sales
May sales
June sales
Total Cash Collections
MERCHANDISE PURCHASES BUDGET:
April
May
June
Quarter
Budgeted unit sales
Add desired ending inventory
Total needs
Less beginning inventory
Required purchases
Cost of purchases @ $4 per unit
BUDGETED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES:
April
May
June
Quarter
Accounts payable
April purchases
May purchases
June purchases
Total cash payments
EARRINGS UNLIMITED
CASH BUDGET
FOR THE THREE MONTHS ENDING JUNE 30
April
May
June
Quarter
Cash balance
Add collections from customers
Total cash available
Less Disbursements
Merchandise purchases
Advertising
Rent
Salaries
Commissions
Utilities
Equipment purchases
Dividends paid
Total Disbursements
Excess (deficiency) of receipts
over disbursements
Financing:
Borrowings
Repayments
Interest
Total financing
Cash balance, ending
EARRINGS UNLIMITED
BUDGETED INCOME STATEMENT
FOR THE THREE MONTHS ENDED JUNE 30
Sales
–
Variable expenses:
Cost of