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  • Comercial Del Sur S.A: Exercise Solution 7.2 Shopping Budget

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    The document shows accounting records for Comercial del Sur S.A. from January to April 2002 including statements of results, collection schedules, payment schedules to suppliers, and cash flow budgets. It records the company's monthly sales, costs of goods sold, expenses, cash receipts from customers and payments to suppliers. The cash flow budgets track the company's beginning and ending cash balances on a monthly basis.

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    Exercise 7.2

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    The document shows accounting records for Comercial del Sur S.A. from January to April 2002 including statements of results, collection schedules, payment schedules to suppliers, and cash flow budgets. It records the company's monthly sales, costs of goods sold, expenses, cash receipts from customers and payments to suppliers. The cash flow budgets track the company's beginning and ending cash balances on a monthly basis.

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    17 views4 pages

    Comercial Del Sur S.A: Exercise Solution 7.2 Shopping Budget

    Uploaded by

    MJSANCHEZPILTAXI
    The document shows accounting records for Comercial del Sur S.A. from January to April 2002 including statements of results, collection schedules, payment schedules to suppliers, and cash flow budgets. It records the company's monthly sales, costs of goods sold, expenses, cash receipts from customers and payments to suppliers. The cash flow budgets track the company's beginning and ending cash balances on a monthly basis.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    of 4

    EXERCISE SOLUTION 7.

    2
    SHOPPING BUDGET
    Comercial del Sur S.A
    to December 31, 2002
    JANUARY

    FEBRUARY

    Cost of Sales
    (+) Inventory Final
    (-) Inventory Initial

    $
    $
    $

    70,000
    105,000
    (52,000)

    $
    $
    $

    70,000
    120,000
    (105,000)

    SHOPPING

    123,000

    85,000

    STATE OF RESULTS
    Comercial del Sur S.A
    to December 31, 2002

    Sales
    (-) Cost of sales
    (=) Utility gross in sales
    (-) Fixed Expenses
    (-) Other variable costs
    (=) Utility in operations

    $
    $
    $
    $
    $
    $

    JANUARY
    140,000
    (70,000)
    70,000
    (15,000)
    (14,000)
    41,000

    FEBRUARY
    $ 140,000
    $ (70,000)
    $
    70,000
    $ (15,000)
    $ (14,000)
    $
    41,000

    Sales Charge
    1er month
    2do month

    % charged after the transaction


    60%
    40%

    COLLECTION SCHEDULE
    Comercial del Sur S.A
    to December 31, 2002

    November
    December
    January
    February
    March
    TOTAL

    $
    $
    $
    $
    $
    $

    SALES
    36,000
    80,000
    140,000
    140,000
    160,000
    556,000

    $
    $

    JANUARY
    FEBRUARY
    MARCH
    36,000
    48,000 $
    32,000
    $
    84,000 $
    56,000
    $
    84,000
    84,000 $

    116,000 $

    140,000

    SCHEDULE OF PAYMENT A SUPPLIERS


    Comercial del Sur S.A
    to December 31, 2002
    SHOPPING
    $
    45,000
    $ 123,000
    $
    85,000
    $ 110,000
    $ 363,000

    December
    January
    February
    March
    TOTAL

    JANUARY
    $
    45,000

    FEBRUARY
    $

    123,000

    45,000 $

    123,000

    BUDGET OF FLOW OF CASH


    Comercial del Sur S.A
    to December 31, 2002

    Beginning Cash Balance


    (+) Cash Check
    Customer Billing
    (=) Available Cash
    (-) Cash Outputs
    Payments to suppliers
    Fixed Expense
    Variable Expenses
    (=) Inputs - Outputs
    Surplus or missing
    (=) FINAL BALANCE IN BOX
    loan
    Loan Payment
    Interest Payment

    NOTE:
    Loan multiple of 5 =
    (-) Dficit=

    $
    $
    $

    20,000
    (6,000)
    14,000

    JANUARY
    FEBRERO
    $
    10,000 $
    25,000
    $
    $
    $
    $
    $
    $
    $
    $

    84,000 $
    94,000 $
    (45,000)
    (10,000)
    (14,000)
    25,000
    (15,000)
    10,000

    116,000
    141,000

    $ (123,000)
    $ (10,000)
    $ (14,000)
    $
    (6,000)
    $
    16,000
    $
    10,000
    $
    20,000

    UTION 7.2
    BUDGET

    el Sur S.A
    31, 2002
    MARCH

    APRIL

    $
    $
    $

    80,000
    150,000
    (120,000)

    100,000

    110,000

    100,000

    $
    $
    $
    $
    $
    $

    MARCH
    160,000
    (80,000)
    80,000
    (15,000)
    (16,000)
    49,000

    RESULTS

    el Sur S.A
    31, 2002
    APRIL
    $ 200,000
    $ (100,000)
    $ 100,000
    $ (15,000)
    $ (20,000)
    $
    65,000

    SCHEDULE

    el Sur S.A
    31, 2002
    APRIL

    $
    $
    $

    56,000
    96,000
    152,000

    MAY

    $
    $

    64,000
    64,000

    ENT A SUPPLIERS

    el Sur S.A
    31, 2002
    MARCH

    APRIL

    85,000

    $
    85,000 $

    110,000
    110,000

    OW OF CASH

    el Sur S.A
    31, 2002
    MARCH
    APRIL
    $
    14,000 $
    10,000
    $
    $

    140,000 $
    154,000 $

    $
    $
    $
    $
    $
    $

    (85,000)
    (10,000)
    (16,000)
    43,000
    (33,000)
    10,000

    $
    $
    $

    20,000
    400
    12,600

    152,000
    162,000

    $ (110,000)
    $ (10,000)
    $ (20,000)
    $
    22,000
    $ (12,000)
    $
    10,000

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