Quarter 2 3 4 Year Cash balance, beginning. Add collections from customers $? $ ? 96 323 Total cash available .. Less disbursements: 71 Purchase of inventory..... Seling and administrative expenses 35 45 30 35 ..... 30 10 113 36 Equipment purchases...... Dividends 2 85 2 .... Total disbursements Excess (deficiency) of cash avalable over disbursements ... Financing: Borrowings. Repayments (including interest) Total financing.... Cash balance, ending 11 15 $?
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
A
requires a minimum cash balance of at least $5,000 to start each quarter.
[table]
Required:
Fill in the missing amounts in the above table.
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