Assignment: Cash Budget
Sales for Blue Bill Corporation are projected as follows for the months of June through November:
| June |
$200,000 |
| July |
200,000 |
| August |
200,000 |
| September |
300,000 |
| October |
500,000 |
| November |
200,000 |
Credit sales account for 70% of the monthy sales and are collected one month after the sale.
Other receipts for October are $50,000.
Variable disbursements are 60% of sales each month.
Fixed disbursements are $10,000 each month.
$80,000 should be included in August for taxes.
The company is obligated to make a $400,000 debt repayment in November.
Beginning cash in June is $50,000.
Desired ending cash each month is $10,000.
Complete the monthly cash budget for Blue Bill Corporation for June through November.
Attachment:- Budgeting_Assignment.rar