Thunderbolt Corporation for budget next year
Homework Answers
4. Schedule of Cash Disbursements for July, August and September
| Particulars | July | August | September |
| Sales for the Month | 2,00,000 | 1,20,000 | 1,50,000 |
| Cost of Goods Sold@60% of sale | 120000 | 72000 | 90000 |
| Purchase of COGS | 72000 | 90000 | 96000 |
| 60% payment for COGS in Purchase month | 43200 | 54000 | 57600 |
| 40% payment for COGS in next month | 48000 | 28800 | 36000 |
| Wages@20% in the month of sale | 40000 | 24000 | 30000 |
| Other operating Costs@10% in the next month of sale | 17000 | 20000 | 12000 |
| Total estimated cash disbursements | 148200 | 126800 | 135600 |
Here COGS refer to Cost of Goods Sold.
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