Wagas Ahmed and Co providing you the following information. Forecasted Opening Cash Balance - 1st April...
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Wagas Ahmed and Co providing you the following information. Forecasted Opening Cash Balance - 1st April 2017 Estimated Sales Cash Sales 20% Collection Policy Purchases of materials Payment Policy Other Cash receipts & payments Feb-17 Mar-17 Feb-17 Mar-17 30,000 Month Apr-17 100,000 120,000 130.000 Apr-17 50% after one month of sales and balance in subsequent month May-17 Jun-17 Required: Prepare Cash Budget for SECOND quarter of 2017 Receipts May-17 Jun-17 Jul-17 50,000 60,000 Apr-17 75,000 Jul-17 50% after one month of purchase and balance in subsequent month 15.000 70,000 50.000 May-17 Jun-17 100,000 120,000 120,000 Payments 5,000 7,000 2,000 70.000 50,000 80,000 Wagas Ahmed and Co providing you the following information. Forecasted Opening Cash Balance - 1st April 2017 Estimated Sales Cash Sales 20% Collection Policy Purchases of materials Payment Policy Other Cash receipts & payments Feb-17 Mar-17 Feb-17 Mar-17 30,000 Month Apr-17 100,000 120,000 130.000 Apr-17 50% after one month of sales and balance in subsequent month May-17 Jun-17 Required: Prepare Cash Budget for SECOND quarter of 2017 Receipts May-17 Jun-17 Jul-17 50,000 60,000 Apr-17 75,000 Jul-17 50% after one month of purchase and balance in subsequent month 15.000 70,000 50.000 May-17 Jun-17 100,000 120,000 120,000 Payments 5,000 7,000 2,000 70.000 50,000 80,000
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To prepare the cash budget for the second quarter of 2017 April to June we need to calculate the est... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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