the answer for the ABC store

Sales revenue and cash receipt collection budgeted

Description November December January February March

Sales 9,000,000 14,000,000 18,000,000 20,000,000 21,000,000

Sales by credit 70% 6,300,000 9,800,000 12,600,000 14,000,000 14,700,000

Sales by cash 30% 2,700,000 4,200,000 5,400,000 6,000,000 6,300,000

Account receivable collection 60% 3,780,000 5,880,000 7,560,000 8,400,000

Account receivable collection 40% 2,520,000 3,920,000 5,040,000
Total of cash receipt and A/R collection 13,800,000 17,480,000 19,740,000

Account receivable budgeted

Description Calculation Total

January 40% x 9.800.000 3,920,000
70% x 18.000.000 12,600,000 16,520,000

February 40% x 12.600.000 5,040,000

70% x 20.000.000 14,000,000 19,040,000

March 40% x 14.000.000 5,600,000

70% x 21.000.000 14,700,000 20,300,000

Merchandise Inventory Budgeted

Description November December January February March

Sales 9,000,000 14,000,000 18,000,000 20,000,000 21,000,000

Merchandise Inventory 15,000,000 17,000,000 18,000,000 18,500,000 16,500,000

Purchase budgeted November December January February March
Sales 9,000,000 14,000,000 18,000,000 20,000,000 21,000,000
Cost of goods sold 5,400,000 8,400,000 10,800,000 12,000,000 12,600,000
Ending balance of merchandise inventory 15,000,000 17,000,000 18,000,000 18,500,000 16,500,000
Merchandise Inventory available for sale 25,400,000 28,800,000 30,500,000 29,100,000
Beginning balance of merchandise inventory 15,000,000 17,000,000 18,000,000 18,500,000
Merchandise inventory need to purchase 10,400,000 11,800,000 12,500,000 10,600,000
The purchase by cash 60% 6,240,000 7,080,000 7,500,000 6,360,000
The purchase by credit 40% 4,160,000 4,720,000 5,000,000 4,240,000
Payment for account payable 4,160,000 4,720,000 5,000,000
Payment for account payable and purchase 11,240,000 12,220,000 11,360,000

The store operational expenses January February March

Variable expenses
electricity bills 5% 900,000 1,000,000 1,050,000
Salary for employees 800,000 800,000 800,000
other variable expenses 3% 540,000 600,000 630,000
Total of variable expense 2,240,000 2,400,000 2,480,000
Fixed expense
Depreciation 200,000 200,000 200,000
Store rental 2,000,000 2,000,000 2,000,000
Total fixed expense 2,200,000 2,200,000 2,200,000
Total operational expense 4,440,000 4,600,000 4,680,000
Depreciation 200,000 200,000 200,000
Operational expense paid by cash 4,240,000 4,400,000 4,480,000

Profit and loss budgeted January February March

Sales 18,000,000 20,000,000 21,000,000
COGS 10,800,000 12,000,000 12,600,000
Gross profit 7,200,000 8,000,000 8,400,000
Operational expenses 4,440,000 4,600,000 4,680,000
Profit before interest income 2,760,000 3,400,000 3,720,000
Ineterest income 50,000 50,000 50,000
Profit after interest income 2,810,000 3,450,000 3,770,000
Cash flow budgeted January February March
The beginning cash balance 7,000,000 5,370,000 6,280,000
Cash receipt from sales 13,800,000 17,480,000 19,740,000
Interest income 50,000 50,000 50,000
Cash available 20,850,000 22,900,000 26,070,000
Cash out
Operational expenses 4,240,000 4,400,000 4,480,000
Payment for account payable 11,240,000 12,220,000 11,360,000
Total cash payament 15,480,000 16,620,000 15,840,000
Ending cash balance 5,370,000 6,280,000 10,230,000

Capital change budgeted January February March

Begining capital 49,360,000 52,170,000 55,620,000
Profit 2,810,000 3,450,000 3,770,000
Ending capital 52,170,000 55,620,000 59,390,000

Balance Sheet budgeted January February March

Asset
Cash 5,370,000 6,280,000 10,230,000
cash in Bank 10,000,000 10,000,000 10,000,000
Account Receivable 16,520,000 19,040,000 20,300,000
Merchandise inventory 18,000,000 18,500,000 16,500,000
Fixed Asset (net) 7,000,000 6,800,000 6,600,000
Total Asset 56,890,000 60,620,000 63,630,000
Liability and equity
Account Payable 4,720,000 5,000,000 4,240,000
Capital 52,170,000 55,620,000 59,390,000
Total liability and equity 56,890,000 60,620,000 63,630,000
-
-
April

17,000,000

11,900,000
5,100,000

8,820,000
5,600,000
19,520,000

April

17,000,000
53520000
4160000
49360000
 7,000,000
51,020,000
150,000
58,170,000

13,120,000
34,820,000
47,940,000
10,230,000