Qtr 1

Bugeted Sales ₱ 600,000.00

₱ 360,000.00
Cash Reciepts (current quarter) 60% * Quarter Sales

₱600,000.00 x 60%

₱200,000.00

Cash Reciepts from Previous Quarter 40% * previous quarter sales

Total Cash Collections from Sales ₱560,000.00

 Qtr2 Qtr3 Qtr4
₱ 1,600,000.00 ₱ 800,000.00 ₱ 1,000,000.00

₱ 960,000.00 ₱ 480,000.00 ₱ 600,000.00

₱960,000.00 x 60% ₱800,000.00x 60% ₱1000,000.00 x 60%

₱ 240,000.00 ₱ 640,000.00 ₱ 320,000.00

₱600,000.00 x 40% ₱1,600,000.00 x 40% ₱800,000.00 x 40%

₱ 1,200,000.00 ₱ 1,120,000.00 ₱ 920,000.00

 LEEDS COMPANY CASH PAYMENT
Qtr 1 Qtr2
Budgeted Material Purchase ₱250,000.00 ₱295,000.00

Cash Payments Current Quarter 80% 200000 ₱236,000.00

₱250,000.00 X 80% ₱295,000.00 X 80%

Cash Payment from Previous Quarter 20% ₱80,000.00 ₱50,000.00

₱250,000.00 X 20%
Total Cash Payments for Material Purchases ₱280,000.00 ₱286,000.00
Qtr 3 Qtr 4
₱217,500.00 ₱217,500.00

₱174,000.00 ₱174,000.00
₱217,500.00 X 80% ₱217,500.00 X 80%

₱59,000.00 ₱43,500.00

₱295,000.00 X 20% ₱217,500.00 X 20%

₱233,000.00 ₱217,500.00
 LEEDS COMPANY SCHEDULE OF CASH PAYMENT
Qtr. 1 Qtr.2
Total Cash Payment for Material Purchases ₱280,000.00 ₱286,000.00

Budgeted Direct Labor Dollars ₱126,000.00 ₱192,000.00

Cash Payments For Manufacturing Group Overhead ₱80,750.00 ₱89,000.00

Cash Payments for Selling and Admin ₱110,000.00 ₱160,000.00

Cash Payment for Income Taxes ₱100,000.00* ₱57,500.00

Cash Payment for Dividends ₱40,000.00

Cash Payment for New Building

Total Cash Payments ₱696,750.00 ₱824,500.00

CASH PAYMENT
Qtr.3 Qtr.4
₱233,000.00 ₱217,500.00 From schedule Above

₱132,000.00 ₱156,000.00 From Direct Labor Budget

₱81,500.00 ₱80,750.00 From Manufacturing Overhead Budget

₱120,000.00 ₱130,000.00 From Selling and Admin Budget

₱270,000.00 ₱100,000.00 From Budgeted Income Statement

₱80,000.00 Given information in the Statement

₱650,000.00 Given information in the Statement

₱916,500.00 ₱1,304,250.00
 LEEDS COMPANY CASH BUDGET
Qtr.1 Qtr.2 Qtr.3
Beginning Cash Balance ₱130,000.00 ₱5,000.00 ₱368,397.00

Add Cash Reciepts ₱560,000.00 ₱1,200,000.00 ₱1,200,000.00

(From Schedule of Cash Reciepts)
Cash Available ₱690,000.00 ₱1,205,000.00 ₱1,488,397.00

Less Cash Payments

(From Schedule of Cash Payments) ₱696,750.00 ₱824,500.00 ₱916,500.00

Projected Ending Cash Balance (₱6,750.00) ₱380,500.00 ₱571,897.00

Add:Short Term Financing Received ₱11,750.00

Less: Short Term Financing Payment (₱11,750.00)

Less: Short Term Financing Interest (₱353.00)

Budgeted Ending Cash Balance ₱5,000.00 ₱368,397.00 ₱571,897.00

Qtr.4
₱571,897.00

₱920,000.00

₱1,491,897.00

₱1,304.250

₱187,647.00

₱187,647.00
 LEEDS COMPANY CASH BUDGET

Qtr.1 Qtr.2 Qtr.3

Beginning Cash Balance ₱130,000.00 ₱5,000.00 ₱368,397.00

Add Cash Reciepts ₱560,000.00 ₱1,200,000.00 ₱1,200,000.00

(From Schedule of Cash Reciepts)
Cash Available ₱690,000.00 ₱1,205,000.00 ₱1,488,397.00

Less Cash Payments

(From Schedule of Cash Payments) ₱696,750.00 ₱824,500.00 ₱916,500.00

Budgeted Ending Cash Balance ₱6,750.00 ₱368,750.00 ₱572,250.00

Qtr.4
₱571,897.00

₱920,000.00

₱1,491,897.00

₱1,304.250

₱188,000.00
LEED COMPANY BALANCE SHEET LAST July 2019
Assets
Current Assets:

Cash ₱130,000.00
Accounts Recievable ₱200,000.00
Inventories:
Materials ₱40,000.00
Finished Goods ₱130,000.00 ₱170,000.00
Total Current Assets ₱500,000.00

Property, Plant, and Equipment

Land ₱60,000.00
Buildings ₱1,000,000.00
Less:Accumulated Depreciation ₱400,000.00 ₱600,000.00
Factory Equipment ₱ 600,000.00
Less:Accumulated Depreciation ₱ 180,000.00 ₱ 420,000.00
Total Property, Plant and Equipment ₱1,080,000.00
Total Assets ₱1,580,000.00

Liabilities and Stockholder Equity

Current Liabilities:
Accounts Payable ₱ 80,000.00
Income Taxes Payable ₱ 100,000.00
Total Current Liabilites ₱ 180,000.00

Stockholders' Equity:

Common Stock (100,000 shares of ₱10.00 per value) ₱ 1,000,000.00

Retained Earnings ₱ 400,000.00
Total Stockholders Equity ₱ 1,400,000.00
Total Liabilities and Stockholder's Equity ₱ 1,580,000.00
LEED COMPANY BUDGETED ASSETS

Assets

Current Assets

Cash ₱ 188,000.00

Accounts Recievable ₱ 400,000.00

Inventories:

Materials ₱ 60,000.00

Finished Goods ₱ 123,000.00 ₱ 183,000.00

Total Current Assets ₱ 771,000.00

Property,Plant and Equipment

Land ₱ 60,000.00
Buildings ₱ 1,650,000.00
Less:Accumulated Depreciation ₱ 480,000.00 ₱ 1,170,000.00

Factory Equipment ₱ 600,000.00

Less:Accumulated Depreciation ₱ 220,000.00 ₱ 380,000.00

Total Property, Plant and Equipment ₱ 1,550,000.00

Total Assets ₱ 2,321,000.00

Liabilities And Stockholders Equity

Current Liabillities:

Accounts Payable ₱43,500.00

Income Tax Payable ₱142,500.00

Total Current Libillities ₱186,000.00

Common Stocks (100,000.00 shares of ₱1,000,000.00
₱10.00 per value)

Retained Earnings ₱1,135,000.00

Total Stockholders' Equity ₱2,135,000.00
Total Liabillities and Stockholders' Equity ₱2,321,000.00
BUDGETED INCOME STATEMENT
WIND WEATHER COMPANY
Last Year Budget
Sales ₱ 450,000.00 ₱ 472,500.00

Less Expense:

Sales Commissions ₱ 45,000.00 ₱ 47,250.00

Sales Salaries ₱ 50,000.00 ₱ 51,500.00

Administrative Salaries ₱ 75,000.00 ₱ 77,250.00

Supplies Expense ₱ 5,000.00 ₱ 5,000.00
Rent Expense ₱ 120,000.00 ₱ 120,000.00
Miscellaneous Expense ₱ 15,000.00 ₱ 15,000.00
Total Expenses ₱ 310,000.00 ₱ 316,000.00

Income from Operations ₱ 140,000.00 ₱ 156,500.00

Less: Income Tax (30%) ₱ 42,000.00 ₱ 46,950.00

Net Income ₱ 98,000.00 ₱ 109,550.00

MACRO COMPANY FINANCIAL STATEMENT
Forecast Period
2017 2018 2019
Budgeted Balance Sheet Check ok ok ok

Income Statement

Revenue 158,311 165,435 172,052

Cost of Good Sold 58,575 61,211 61,839
Gross profit 99,736 104,224 110,213

Expenses
Salaries and Benefits 26,913 28,124 29,248
Rent and Overhead 10000 10000 10000
Depreciation and Amortization 15008 15005 15003
Interest 1500 1500 500
TOTAL EXPENSE 53,421 54,629 54,751

BALANCE SHEET
Assets
Cash 272,530 307,632 327,097
Accounts Recievable 7,807 8,158 8485
Inventory 11,715 12,242 12,388
Property and Equipment 37,513 37,508 37,505
TOTAL ASSETS 329,565 365,540 385,475

Capital Exxpenditure 15,000 15,000

 2020 2021
ok ok

178,074 183,416
64,107 64,196
113,967 119,220

30,273 31,181
10000 10000
15003 15001
500 500
55,776 56,682

368,487 413,243
8782 9045
12,388 12,839
37,505 37,502
427,162 472,629

15,003 14,998