Managerial Accounting .cash Budget, I’m So Lost?

Managerial accounting .Cash budget, I’m so lost?
Our Professor taught us how to do this, not sure why this class has been so hard for me but this lab has me so confused he never taught us with the purchasing and all that…….I’m not trying to cheat or have someone else do my homework for me I am just needing help because I am totally LOST…….
CASHBUD
Cash Budgeting
Data Section
Beginning cash balance, January 1 $14,000
Sales:
Unit sales price $28.00
January estimated units 1,200
February estimated units 2,400
March estimated units 2,500
April estimated units 2,700
Collections:
Cash discount (%) 5%
% Collected current month 50%
% Collected next month 25%
% Collected following month 19%
% Uncollectible 6%
Purchases:
Unit purchase cost $12
January planned purchases (units) 2,400
February planned purchases (units) 2,600
March planned purchases (units) 2,500
April planned purchases (units) 3,100
% Paid in month purchased 60%
% Paid in month after purchase 40%
Marketing & administrative:
Fixed cash expenses per month $5,000
Depreciation per month $2,000
Variable cost per unit sold $6
Answer Section
Sweet Pleasures Inc.
Cash Budget
January February March April
Cash balance, beginning $0 $0 $0
Add receipts:
Collections January sales
Collections February sales 0 0 0
Collections March sales 0 0
Collections April sales 0
Total available $0 $0 $0 $0
Less disbursements:
Purchases made in January
Purchases made in February 0 $0
Purchases made in March 0 $0
Purchases made in April 0
Fixed marketing & admin. 0 0 0
Variable marketing & admin. 0 0 0
Total disbursements $0 $0 $0 $0
Cash balance, ending $0 $0 $0 $0

Both comments and pings are currently closed.

Comments are closed.

Powered by WordPress | Designed by: free css template | Thanks to hostgator coupon and web hosting reviews