Using a separate columnar worksheet or Excel worksheet, prepare a Cash Budget by month for the quarterending September 30, 2021, from the following data obtained from the CONSCIOÜNESS Company.Support your solution with schedules of estimated receipts and payments.AugustP 16,000150,000JulySeptemberCash SalesP 12,000P 18,000Credit SalesPurchases110,000120,00090,000120,000110,000Operating expensesInterest expense15,00018,00016,0002,000Credit sales are collected 50% in the month of sales, 40% on the month following, 8% in the secondmonth following and 2% uncollectible. Credit sales for May and June are expected to be P100,000 andP90,000, respectively. Purchases of merchandise, all on account, are paid 60% in the month of purchaseand 40% in the month following. Purchases for June are estimated at P80,000.Expenses include depreciation of P2,000 monthly, and are paid in the month incurred. Cash balance onJune 30, 2021.

Cash budget in the business shows expected cash receipts and expected cash payments from the…

Using a separate columnar worksheet or Excel worksheet, prepare a Cash Budget by month for the quarter ending September 30, 2021, from the following data obtained from the CONSCIOUNESS Company. Support your solution with schedules of estimated receipts and payments. September P 18,000 120,000 110,000 16,000 July P 12,000 August P 16,000 150,000 120,000 18,000 2,000 Cash Sales Credit Sales 110,000 90,000 15,000 Purchases Operating expenses Interest expense Credit sales are collected 50% in the month of sales, 40% on the month following, 8% in the second month following and 2% uncollectible. Credit sales for May and June are expected to be P100,000 and P90,000, respectively. Purchases of merchandise, all on account, are paid 60% in the month of purchase and 40% in the month following. Purchases for June are estimated at P80,000. Expenses include depreciation of P2,000, monthly, and are paid in the month incurred. Cash balance on June 30, 2021.

Using a separate columnar worksheet or Excel worksheet, prepare a Cash Budget by month for the quarter ending September 30, 2021, from the following data obtained from the CONSCIOUNESS Company. Support your solution with schedules of estimated receipts and payments. September P 18,000 120,000 110,000 16,000 July P 12,000 August P 16,000 150,000 120,000 18,000 2,000 Cash Sales Credit Sales 110,000 90,000 15,000 Purchases Operating expenses Interest expense Credit sales are collected 50% in the month of sales, 40% on the month following, 8% in the second month following and 2% uncollectible. Credit sales for May and June are expected to be P100,000 and P90,000, respectively. Purchases of merchandise, all on account, are paid 60% in the month of purchase and 40% in the month following. Purchases for June are estimated at P80,000. Expenses include depreciation of P2,000, monthly, and are paid in the month incurred. Cash balance on June 30, 2021.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter4: Financial Planning And Forecasting

Section: Chapter Questions

Problem 4P

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