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ID: 2369056 • Letter: G

Question

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75 percent of sales are for credit, and collections occur after thirty days.

A $100,000 Treasury bill matures in March.

Monthly fixed disbursements are $13,000.

Variable disbursements are 62 percent of sales and occur one month prior to sales.

A tax payment of $13,500 is due in February.

The initial cash is $20,000.

The minimum required cash balance is $5,000.

Variable cash disbursements for April are $30,000.

Sales

January: 0

February: 60,000

March: 80,000

April: 100,000

Construct the firm's cash budget for the given months.

Given the following information:

Sales

June: $200,000

July: 200,000

August:200,000

September: 300,000

October: 500,000

November: 200,000

70% of the sales are for credit and are collected one month after the sale. Other receipts: $50,000 in October

Variable disbursements: 60% of sales each month

Other disbursements: $10,000 a month

$80,000 for taxes in August

$400,000 for debt repayment in November

Beginning cash: $50,000

Desired cash: $10,000

Prepare a monthly cash budget for this firm.

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