Homework Answers
Answer- The ending balance for October is =$19000.
Explanation-
| BOOKWORM PUBLISHERS | |
| CASH BUDGET | |
| PARTICULARS | OCTOBER |
| $ | |
| Beginning cash balance (A) | 12000 |
| Add- Budgeted cash receipts | |
| Collection from customers | 350000 |
| Total cash available for use (B) | 362000 |
| Less- Cash Payments | |
| Payment for direct materials | 62000 |
| Direct labor | 50000 |
| Manufacturing overhead | 45000 |
| Operating expenses | 88000 |
| Capital expenditure | 131000 |
| Total cash payments (C) | 376000 |
| Cash surplus/ (Deficit) (D=A+B-C) | -14000 |
| Financing:- | |
| Add-Borrowings | 19000 |
| Less-Repayments | 0 |
| Budgeted ending cash balance | 5000 |
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