Preparing cash budget from April to june

Sales
Jan Feb Mar Apr May
400,000 500,000 600,000 1,200,000 1,000,000
Collection on sales
Apr May Jun
20% of month 240000 200000 200000
45% following month 270000 540000 450000
35% two months after 175000 210000 420000
685000 950000 1070000
Cash disbursed
Apr May Jun
60% of next month sales Purchases 600000 600000 300000
20% of this month Wages 240000 200000 200000
fixed Rent 120,000 120,000 120,000
only in june Taxes 0 0 200,000
960000 920000 820000
Cash budget
Apr May Jun
Collection on sales 685000 950000 1070000
cash disbursed 960000 920000 820000
Net cash flow -275000 30000 250000
Begin balance as per policy 450000 450000 450,000
Available balance 175000 480000 700,000
Borrowing 275000 -30000 -250000
Ending balance 450000 450000 450000
loan 275000 245000 -5000
 Jun July
1,000,000 500,000

surplus
The following is the sales budget for XYZ company for the first quart
Jan Feb Mar
sales 140,000 162,000 180,000

credit sales are collected as follows

65 percent in the month of sales
20 percent in the month after
15 percent in the second month after

required
Show cash collection for each month
the first quarter
Prepare a cash budget
March April May June
credit sales 210,000 330,000 372,000 432,000
credit purchases 156,000 132,000 150,000 185,000

cash disbursed April May June

wages 20,400 22,200 25,200
interest 9,600 9,600 9,600
purchased 70,000 84,000 0

The company predicts that 5% of the sales will never be collected

35% will be colled in the month of sales
60% in the month after
Purchase will be paid in the month following
be collected