Managerial Accounting
By: Kady1225 • December 16, 2012 • Essay • 343 Words (2 Pages) • 1,499 Views
Total cash collections: $1,996,000
Cost of purchases: $804,000
Cash balance ending quarter: $94,700
Total liabilities and stockholders equity: $1,618,700
PROJECT A - Case 9-30
Student Name:
SALES BUDGET:
April May June Quarter
Budgeted unit sales
Selling price per unit
Total Sales
SCHEDULE OF EXPECTED CASH COLLECTIONS:
April May June Quarter
February sales
March sales
April sales
May sales
June sales
Total Cash Collections
MERCHANDISE PURCHASES BUDGET:
April May June Quarter
Budgeted unit sales
Add desired ending inventory
Total needs
Less beginning inventory
Required purchases
Cost of purchases @ $4 per unit
BUDGETED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES:
April May June Quarter
Accounts payable
April purchases
May purchases
June purchases
Total cash payments
EARRINGS UNLIMITED
CASH BUDGET
FOR THE THREE MONTHS ENDING JUNE 30
April May June Quarter
Cash balance
Add collections from customers
Total cash available
Less Disbursements
Merchandise purchases
Advertising
Rent
Salaries
Commissions
Utilities
Equipment purchases
Dividends paid
Total Disbursements
Excess (deficiency) of receipts
over disbursements
Financing:
Borrowings
Repayments
Interest
Total financing
Cash balance, ending
EARRINGS UNLIMITED
BUDGETED INCOME STATEMENT
FOR THE THREE MONTHS ENDED JUNE 30
Sales
...