Lucky Rabbit Company

Cash Budget
First Quarter 2021

Month Jan Feb Mar Total

Sales 232500 280000 280500 793000
Cash Receipts:
Cash sales with 3% discount 78933.75 81480 95229.75 255643.5
Collection of receivables - 10 days after sale 44430.75 57624 53603.55 155658.3
Collection of receivables - 30-40 days after sale 112087.5 105787.5 137200 355075
Total Cash in Flow 235452 244891.5 286033.3 766376.8 766377

Nov Dec Jan Feb Mar

Sales Volume 14500 15250 15000 17500 17000
Unit selling price 14.5 15 15.5 16 16.5
Cash sales with 3% discount 0.35 0.3 0.35 0.3 0.35
Unit cost of sales 9.5 10 10.25 10.5 10.75
Sales Terms: 2/10, n/30

records show that charged sales are normalley

collected as follows:
30% within 10 days from the date of sale, on
average: and, the balance, collected within 30-40
days after the date of sale
April
15500
16
0.45
10.5