Finance

Running Head: FINANCE 0
Finance

FINANCE 1
Table of Contents
Question 1...................................................................................................................................................2
Question 2...................................................................................................................................................4
Question 3...................................................................................................................................................6
References.................................................................................................................................................10

FINANCE 2
Question 1
Cash Budget
Cash Budget
For Jan-Mar
Jan Feb Mar
Beginning cash balance $79,550 $31,450 ($167,350)
Cash from operations 24500 28000 30100
Receipts from accounts Receivable 1 6000 10500 12000
Total Available Cash $104,050 $59,450 ($137,250)
Less:
Wages $35,000 $35,000 $35,000
office furniture 5000 7000 0
Pre Payments 0 0 4250
Administrative 15000 16000 15000
Payments of Accounts Payable 2 17600 18800 19600
Loan $0 $150,000 $0
Total Expenses $72,600 $226,800 $73,850
Ending Cash Balance $31,450 ($167,350) ($211,100)
Receipts from accounts Receivable

FINANCE 3
Statement of Receipts from accounts
receivable
2018 2019
Dec Jan Feb March
Credit sales 100000 120000
14000
0
16000
0
Cash Sales 20000 35000 40000 43000
Payment schedule:
Credit sales
70 % in the month of purchase 84000 98000
11200
0
30 % in current year 30000 36000 42000
114000
13400
0
15400
0
Cash Sales
70 % in the month of purchase 24500 28000 30100
30 % in current year 6000 10500 12000
30500 38500 42100
144500
17250
0
19610
0
Statement of Receipts from Accounts Payable
2018 2019