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Managerial Accounting

By:   •  December 16, 2012  •  Essay  •  343 Words (2 Pages)  •  910 Views

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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

...

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