FM Cash Budgeting H.W

Cash budgeting
Case 8
TRANSPACIFIC IMPORTING COMPANY
Period
November
December
January
February
March
April
May
June
Sales
420,000
380,000
360,000
350,000
420,000
540,000
425,000
400,000
Collected 25%
105,000
95,000
90,000
87,500
105,000
135,000
106,250
100,000
252,000
228,000
216,000
210,000
252,000
324,000
255,000
63,000
57,000
54,000
52,500
63,000
81,000
Collected 60%
Collected 15%
Inflow Of Cash
105,000
347,000
381,000
360,500
369,000
439,500
493,250
436,000
Purchases
231,000
209,000
198,000
192,500
231,000
297,000
233,750
220,000
231,000
198,000
192,500
231,000
297,000
233,750
Purchase Paid 15th of the month
A/P
O/E of Sales 15%
63,000
57,000
Paid 75%
47,250
Paid 75% Next month
54,000
52,500
63,000
81,000
63,750
60,000
42,750
40,500
39,375
47,250
60,750
47,813
45,000
15,750
14,250
13,500
13,125
15,750
20,250
15,938
Property Taxes
12,500
Quarterly Federal Taxes
18,000
18,000
Truck Purchase
P. on warehouse
75,000
Special Adv.
Quarterly Dividend
Out flow of Cash
47,250
57,750
Net Cash Flow
289,500
57,500
456,400
6,000
4,000
590,150
(209,150)
256,875
103,625
270,875
98,125
4,000
311,500
128,000
365,063
128,188
325,188
110,813
MPANY
July
August
September
October
November
December
480,000
500,000
550,000
600,000
600,000
460,000
120,000
125,000
137,500
150,000
150,000
115,000
240,000
288,000
300,000
330,000
360,000
360,000
63,750
60,000
72,000
75,000
82,500
90,000
423,750
473,000
509,500
555,000
592,500
565,000
264,000
275,000
302,500
330,000
330,000
253,000
220,000
264,000
275,000
302,500
330,000
330,000
72,000
75,000
54,000
82,500
90,000
90,000
69,000
56,250
61,875
67,500
67,500
51,750
15,000
18,000
18,750
20,625
22,500
22,500
18,000
15,500
4,000
308,500
115,250
338,250
134,750
18,000
373,625
135,875
4,000
394,625
160,375
420,000
172,500
422,250
142,750

FM Cash Budgeting H.W

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FM Cash Budgeting H.W

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Cash budgeting

Purchase Paid 15th of the month

O/E of Sales 15%

Paid 75% Next month

Quarterly Federal Taxes

Out flow of Cash

Net Cash Flow

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