Essay on Assignment 1 Lasa 2 Cash Management and Budgeting

637 Words Oct 26th, 2014 3 Pages
Assignment 1: LASA 2—Cash Management and Budgeting
Click below link for Answer
http://workbank247.com/q/assignment-1-lasa-2cash-management-and-budgeting/4017
Assignment 1: LASA 2—Cash Management and Budgeting
The new owner of Bob’s Boats, Bob, just purchased the business and discovered that the prior owner did not have a plan for managing the current assets of the company. Bob has decided that the place to start is with a cash budget, using the template he used in his prior position.
Click here to download the Excel template for this assignment.
Bob has requested that you to complete the cash budget given the data that he has already retrieved from the company’s records and from his own analysis.
Table-1:
Sales Forecast for the
…show more content…
As of March 1st, the company now has $125,000 in cash on hand and would like to maintain a minimum cash balance of $85,000 at all times.

Required:
1. Prepare a Schedule of Collections and Payments for the six month period beginning in March, using the template provided and the data above.
2. Prepare a Schedule of Cash Gains and Losses by month for the six month period beginning in March, using the template provided and the data above.
3. Prepare a Schedule of Cash Surplus or Shortages by month for the six month period beginning in March, using the template provided and the data above.
4. Prepare a schedule of Net Cash Flow by month for the six month period beginning in March, using the…