Agapanthus Berhad | |||
Cash Budget | |||
For the 3-Month Ended Dec 31, 2018 | |||
(Figure in RM) | |||
October | November | December | |
Beginning Balance | 15,000 | 17,500 | 15,300 |
Add: Cash Collection | 17,000 | 22,000 | 18,000 |
Total cash available | 32,000 | 39,500 | 33,300 |
Less: Cash disbursements | |||
Purchase | 13,000 | 13,500 | 13,500 |
Wages | 1,500 | 1,500 | 1,500 |
Overhead Expenses | 1,200 | 1,200 | |
Van purchase | - | 8,000 | - |
Total cash disbursements | 14,500 | 24,200 | 16,200 |
Ending cash balance | 17,500 | 15,300 | 17,100 |
Working | |||
Purchases Payment | |||
October | November | December | |
September | 6,000 | ||
October | 7,000 | 7,000 | |
November | 6,500 | 6,500 | |
December | 7,000 | ||
Total | 13,000 | 13,500 | 13,500 |
Question 4 Agapanthus Berhad projected sales and purchases for the month of October to December 2018...
Cash budget: Advanced The actual sales and purchases for Xenocore, Inc., for Sep- tember and October 2015, along with its forecast sales and purchases for the period November 2015 through April 2016, follow. The firm makes 20% of all sales for cash and collects on 40% of its sales in each of the 2 months following the sale. Other cash inflows are expected to be $12,000 in September and April, $15,000 in January and March, and $27,000 in February. The...
The following information pertains to Ko Wei Sdn Bhd: Month Sales Purchases RM RM July 30,000 10,000 August 34,000 12,000 September 38,000 14,000 October 42,000 16,000 November 48,000 18,000 December 60,000 20,000 Cash is collected from customers in the following manner: Month of sale (2% cash discount) 30% Month following sale 50% Two months following sale 15% Amount uncollectible 5% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following...
Requirements;Miss Suzana owns a florist shop. She wants to prepare a cash budget showing expected cash re ceipts and payments for the month of February, and the cash balance expected as of February 28, 2018. The following data can be used to develop the cash budget. Planned cash balance, January 31:RM8,000. Accounts payable of RM9,200 as on January 31, 2018Bank note of RM5,000 plus RM500 interest due February 15. Accounts receivable of RM10,200 as on January 31, 2018. Sales for February:...
Please answer the question below. Thanks Problem 4 In-tech Corporation's sales and purchases for the last three months are as following: October November December Sales (S) 100,000 90,000 120,000 Purchases (S) 80,000 100,000 75,000 For the next three months, it estimates sales and purchases to be as following: January February March Sales (9) 90.000 80,000 80,000 Purchases (S) 70,000 70,000 70,000 It pays 40 percent of purchases in cash and gets a 4 percent discount. Another 40 percent of purchases...
The following sales and purchases forecast information pertains to Palermo Corporation: Month July August September October November December Sales $13,000 16,000 18,000 23,000 22,500 28,400 Purchases $6,000 5,700 7,500 8,300 9,200 10,100 Based on past experience cash is typically collected from customers in the following manner: Collected within 10 days of sale so receive a 10% cash discount 25% Collected after 10 days but in the month of sale 10% Collected in the month following the sale 40% Collected in...
Information pertaining to Noskey Corporation's sales revenue follows: Cash sales Credit sales Total sales November 2018 (Actual) $ 105,000 270,000 $ 375,000 December 2018 (Budgeted) $ 115,000 395,000 $ 510,000 January 2019 (Budgeted) $ 70,000 200,000 $ 270,000 Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next...
Question Square Ltd’s projected sales report is given for the Month fromJuly to December 2017. Consider all sales would be credit sales. The actual sales for the months of May and June 2017 are also given. Square Ltd Sales Report For the year end 2017 May June July August September October November December $2,000 $5,890 $6,000 $13,200 $14,900 $22,000 $32,000 $22,600 Accounts Receivable is calculated at 50% current month, 30% last month and 20% second to last month.Build the projected...
Please Help solve Year Month Sales Purchases 2019 September $209,000 $122,000 2019 October 248,000 152,000 2019 November 173,000 136,000 2019 December 165,000 104,000 2020 January 138,000 80,000 2020 February 176,000 114,000 2020 March 199,000 95,000 2020 April 252,000 88,000 Cash budget-Advanced The actual sales and purchases for Xenocore, Inc., for September and October 2019, along with its forecast sales and purchases for the period November 2019 through April 2020,...
Graham Potato Company has projected sales of $10,800 in September, $14,000 in October, $20,800 in November, and $16,800 in December. Of the company's sales, 30 percent are paid for by cash and 70 percent are sold on credit. Experience shows that 40 percent of accounts receivable are paid in the month after the sale, while the remaining 60 percent are paid two months after. Determine collections for November and December. Also assume Graham's cash payments for November and December are...
3) The following information pertains to Amigo Corporation: Month July August September October November December Sales $30,000 34,000 38,000 42,000 48,000 60,000 Purchases $10,000 12,000 14,000 16,000 18,000 20,000 Cash is collected from customers in the following manner: Month of sale 40% Month following sale 40% Two months following sale 20% • 60% of purchases are paid for in cash in the month of purchase, and the other 40% is paid the following month. Required: Complete the cash budget for...