Beruflich Dokumente
Kultur Dokumente
Problems: Set A
Sales Budget
December January February March
Unit sales $ 7,000 $ 8,000 $ 9,200 $ 9,900
Unit selling price $ 10 $ 10 $ 10 $ 10
Total sales Revenue $ 70,000 $ 80,000 $ 92,000 $ 99,000
Req. 1
Cash Collections
January February March Quarter
Cash Sales in Current Month at 30% $ 24,000 $ 27,600 $ 29,700 $ 81,300
Collection On Credit Sales - Previos Monh at
70% $ 49,000 $ 56,000 $ 64,400 $ 169,400
Total Cash Collections $ 73,000 $ 83,600 $ 94,100 $ 250,700
Req. 2
Production Budget
January February March Quarter
Unit Sales 8,000 9,200 9,900 27,100
Req. 3
April May
Unit Sales 9,700
Plus: Desired Ending Inventory 2,125
Total Needed 11,825
Less: Beginning Inventory 2,425
Number of Units to Produce 9,400
Unit to be Produced 9,400
X Pounds of DM Needed Per Unit 2
Req. 4
Req. 5
Req. 6
Req. 7
Combined Cash Budget
January February March Quarter
Beginning Cash Balance $ 4,500 $ 4,414 $ 4,122 $ 4,500
Plus: Cash Collections $ 73,000 $ 83,600 $ 94,100 $ 250,700
Total Cash Available $ 77,500 $ 88,014 $ 98,222 $ 255,200
Less: Cash Payments
DM Purchases $ 49,126 $ 34,442 $ 37,996 $ 121,564
Conversion Costs $ 17,960 $ 19,250 $ 19,820 $ 57,030
Operating Expenses $ 9,000 $ 10,200 $ 10,900 $ 30,100
Equipment Purchases $ 5,000 $ 12,000 $ 16,000 $ 33,000
Tax Payment $ - $ 10,000 $ - $ 10,000
Total Cash Payments $ 81,086 $ 85,892 $ 84,716 $ 251,694
Ending Cash Balance Before Financing $ (3,586) $ 2,122 $ 13,506 $ 3,506
Financing: $ -
Borrowings $ 8,000 $ 2,000 $ - $ 10,000
Repayments $ - $ - $ 9,000 $ 9,000
Interest Payments $ - $ - $ 280 $ 280
Ending Cash Balance $ 4,414 $ 4,122 $ 4,226 $ 4,226
Req. 8
Req. 9
Silverman Manufacturing
Budgeted Income Statement
For the Quarter Ended March 31
Sales $ 271,000
Cost of Goods Sold $ 162,600
Gross Profit $ 108,400
Operating Expenses $ 30,100
Depreciation $ 4,800
Operating Income $ 73,500
Less: Interest Expense $ 280
Less: Provision for Income Taxes $ 21,966
Net Income $ 51,254
April May
$ 9,700 $ 8,500
$ 10 $ 10
$ 97,000 $ 85,000
April May
9,700 8,500
2,125
11,825
2,425
9,400
April
9,400
2
18,800