Coast Jewelers

1.Sales Budget
sale in unit
unit sale price
total sales

1st

2nd

3rd

Quarter
26000

Quarter
28500

Quarter
38500

$8

$8

$8

$208,000

$228,000

$308,000

4th
Quarter
27000

Year
120000

$8

$8

$216,000

$960,000

Assumptions:
Beg inventory
Planned End inventory
Planned Sold Units of the 1st quarter for year 2
Purchase price

1000 Units
15% Of next quarter sales units
$35,000 Units
$5

Coast Jewelers

1st

2.Purchases Budget
Estimated sold units
End.inventory
Beg.inventory
Planned purchases(units)
Purchase Price
Total Planned Purchases ($)
Beg Inv
Add Purchases
Less End Inv
GOGS/Sold Units

2nd

3rd

Quarter
26000

Quarter
28500

Quarter
38500

4275

5775

4050

1000
29275
$5
$146,375

4275
30000
$5
$150,000

5775
36775
$5
$183,875

Purchase = Sold unit + End inv - Beg inv

4th
Quarter
27000

Year
120000

$5,250

$5,250

4050
28200
$5
$141,000

1000
124250
$5
$621,250

Assumptions:
Sales Comissions
Fright Out exp.
Office rent exp (quarterly)
Office salaries exp (quarterly)
Office supplies exp (quarterly)
Office Depreciation exp (quarterly)
Office miscellineous exp (quarterly)
Coast Jewelers
3.Selling & Adminstrative Budget
Total Sales (sales budget)

5% Variable
1% Variable
$2,000
$6,000
$2,500
$7,000
$500
1st

2nd

3rd

Quarter
$208,000

Quarter
$228,000

Quarter
$308,000

$10,400

$11,400

$15,400

$2,080

$2,280

$3,080

$12,480

$13,680

$18,480

Office rent exp (quarterly)

$2,000

$2,000

$2,000

Office salaries exp (quarterly)

$6,000

$6,000

$6,000

Office supplies exp (quarterly)

$2,500

$2,500

$2,500

Office Depreciation exp (quarterly)

$7,000

$7,000

$7,000

Office miscellineous exp (quarterly)

$500

$500

$500

$18,000

$18,000

$18,000

Sales Comissions exp

Fright out exp
Total Selling exp

Total Adminstrative exp

4th
Quarter
$216,000

Year
$960,000

$10,800

$48,000

$2,160

$9,600

$12,960

$57,600

$2,000

$8,000

$6,000

$24,000

$2,500

$10,000

$7,000

$28,000

$500

$2,000

$18,000

$72,000

Assumptions:
Beg Cash Balance
Beg Accounts Receivable (4th quarter-previous year)
Sales Collections of the same quarter
Sales Collections of the next quarter
Sales Collections of the after next quarter
Uncollectable sales
int
payment quarter during period

$11,000
$18,000
60%
25%
10%
5%
4%
15000

Coast Jewelers
4.Cash Budget
Cash Receipts (cash in):
Beg Cash Balance
Total Sales ($) (Sales Budget)
Sales Collections of the same quarter 60%
Sales Collections of the next quarter 25%
Sales Collections of the after next quarter 10%

1st

2nd

3rd

Quarter

Quarter

Quarter

$11,000
$208,000
$124,800
$4,500
$0

$44,555
$228,000
$136,800
$52,000
$1,800

-$16,901
$308,000
$184,800
$57,000
$20,800

Sales Colllections during quarter

$129,300

$190,600

$262,600

Total Cash Receipts

$140,300

$235,155

$245,699

$146,375

$150,000

$183,875

total sell exp

$12,480

$13,680

$18,480

total admin exclude dep

$11,000

$11,000

$11,000

total finance

$169,855

$174,680

$213,355

exces or shrtage

-$29,555

$60,475

$32,344

$44,555

$0

$0

payment

$0

$15,119

$8,086

int

$0

$1,782

$1,782

$44,555

-$16,901

-$9,868

finance
parchase

borrow

end

4th
Year

Quarter

$11,000
$960,000
$576,000
$190,500
$45,400

-$9,868
$216,000
$129,600
$77,000
$22,800

$811,900

$229,400

$840,686

$219,532

$621,250

$141,000

$57,600

$12,960

$44,000

$11,000

$722,850

$164,960

$117,836

$54,572

$44,555

$0

$36,848

$13,643

$5,347

$1,782

$2,361

-$15,425