Ubi Soft Entertainment is one of the top ten video game publishers in the world. The company
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Ubi Soft Entertainment is one of the top ten video game publishers in the world. The company is in the process of developingits cash budget for the critical preChristmas periodAugustNovember when it makes about of its sales. of sales are cash; are credit and collected the following month and the remainder is collected two months after the sale.
Purchases of raw materials are made in the month prior to the expected sale and average of expected sales. Purchases are paid for in the month following the purchase. Overhead, administration and other expenses are expected to be $ in August and increase by $ in each of the subsequent months. Taxes are $ per month. Interest is $ per month. Cash on hand on July is $ The company likes to maintain a minimum cash balance of $ each month. Actual sales for June and July as well as forecasted sales to the end of the year are provided in the table below.
Month
Sales
June
$
July
August
September
October
November
December
Prepare a cash budget for August, September, October, and November. What are total cash inflows in September? Round to the whole number. What are total cash disbursements in October? Round to the whole number. What is the surplusadditional funds needed in September? Round to the whole number.What is the cash balance at the end of November? Round to the whole number.
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