Beruflich Dokumente
Kultur Dokumente
75000
60000
55000
50000
319 each
Basis
budget
budget
budget
budget
Sales pick up after June 30 government agencies' new budget for the fiscal year kicks in.
Sufficient inventory needs to be on hand at the end of each month and that is determined
to be
40% of next month's sales.
The cost of each taser from the manufacturer is
$
150 per unit. Purchases in any month
are paid 50% in the month of purchase and 50% in the following month. All sales are on account
n/30 but experience shows customers on average pay as follows:
Month of sale
Month following sale
Second month following sale
30%
60%
10%
Tasers, Inc.
Balance Sheet
30-Jun-15
4% of sales
Fixed:
Advertising
Rent
Salaries
Utilities
Insurance
Depreciation
$
$
$
$
$
$
$
500,000
72,000
1,060,000
7,000
10,000
14,000
plus
10%
of sales
August
November
$
$
Cash
Accounts receivable
Inventory
Patents (not amortized)
Property and equipment (net)
Total assets
250,000
4,497,900
5,100,000
3,000
950,000
10,800,900
5,220,000
25,000
2,000,000
3,555,900
10,800,900
Other information:
$
100,000
100,000
The company declares a dividend at the end of each quarter payable in the first month of the
of the following quarter of
$25,000
Sales Budget
August
September
Quarter
80,000
80,000
75,000
235,000
$319
$319
$319
$319
25,520,000 25,520,000
23,925,000 74,965,000
July
Cash from:
May sales
June sales
July Sales
5,742,000
4,785,000
Accounts payable
July purchases
August purchases
September purchases
Total cash payments
0
11,070,000
July
250,000
0
11,700,000
5,175,000
11,025,000
5,175,000
33,795,000
Cash Budget
August
September
500,000
12,390,300
Quarter
500,000
August sales
September sales
Total cash collections
0
0
11,101,200
7,656,000
0
23,446,500
15,312,000
7,177,500
25,041,500
22,968,000
7,177,500
59,589,200
Quarter
235,000
24,000
259,000
34,000
225,000
150
33,750,000
July
6/30/2015
$
$
11,101,200
11,351,200
23,446,500
23,946,500
25,041,500 59,589,200
37,431,800 60,089,200
Merchandise purchases
Advertising
Rent
Salaries
Commissions
Utilities
Insurance
Equipment purchases
Dividends paid
Total cash disbursements
Excess cash available over disbursements
Financing:
Borrowings
Repayments
Interest
Total financing
Ending cash balance
$
11,070,000
500,000
72,000
3,612,000
1,020,800
7,000
10,000
0
25,000
16,316,800
(4,965,600)
11,700,000
500,000
72,000
3,612,000
1,020,800
7,000
10,000
100,000
0
17,021,800
6,924,700
11,025,000 33,795,000
500,000
1,500,000
72,000
216,000
3,452,500 10,676,500
957,000
2,998,600
7,000
21,000
10,000
30,000
0
100,000
0
25,000
16,023,500 49,362,100
21,408,300 10,727,100
Tasers, Inc.
Budgeted Income Statement
For the quarter ending 9/30/2015
Sales
Variable expenses:
Cost of goods sold
Salaries
Commissions
0
5,465,600
500,000
5,465,600
0
5,465,600
12,390,300
0
81,984
81,984
21,490,284
Tasers, Inc.
Balance Sheet
9/30/2015
$
74,965,000
33,750,000
7,496,500
2,998,600
44,245,100
Contribution margin
Fixed expenses:
Advertising
Rent
Salaries
Utilities
Insurance
Depreciation
Net operating income (EBIT)
Interest expense
Earnings before taxes (EBT)
5,465,600
30,719,900
500,000
72,000
1,060,000
7,000
10,000
14,000
1,663,000
29,056,900
81,984
28,974,916
Assets
Cash
Accounts receivable
Inventory
Patents
Property and equipment (net)
Total assets
21,490,284
19,299,500
7,656,000
3,000
93,000
48,541,784
5,625,000
25,000
2,000,000
40,891,784
48,541,784
5,465,600
5,465,600
81,984
11,013,184
21,490,284