Calculate and fill in the 6 blanks in the following Cash Flow Budget. You do not need to show y work. Enter each answer as a whole number, without decimals, without dollar sign and without thousands comma (Ex: 1000). Cash Flow Budget Assumptions: Beginning balance is $20,000 Cost of goods sold is 80% of sales Building rent is $3,000 a month Accounts payable turnover ratio is 12 Accounts receivable ratio is 6 Inventory turnover ratio is 6 A quarter of sales are paid in cash Minimum cash balance is dever less than $5,000 Cash Flow Budget

Calculate and fill in the 6 blanks in the following Cash Flow Budget. You do not need to show y work. Enter each answer as a whole number, without decimals, without dollar sign and without thousands comma (Ex: 1000). Cash Flow Budget Assumptions: Beginning balance is $20,000 Cost of goods sold is 80% of sales Building rent is $3,000 a month Accounts payable turnover ratio is 12 Accounts receivable ratio is 6 Inventory turnover ratio is 6 A quarter of sales are paid in cash Minimum cash balance is dever less than $5,000 Cash Flow Budget

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 7E: Starburst Inc. has the following items and amounts as part of its master budget at the 10,000-unit...

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Before the year began, the following static budget was developed for the estimated sales of 100,000. Sales are sluggish and management needs to revise its budget. Use this information to prepare a flexible budget for 80,000 and 90,000 units of sales.
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