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  • 20 - Assignment 4 CTR

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    Camilo Toro
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    The document presents Smith's Avionics' cash budget for the period of June to September 2021, outlining expected cash receipts from sales, cash payments for inventory, labor, overhead and other expenses. It calculates the monthly and cumulative cash balances, investments of excess cash, and financing needs based on the net cash flows. The ending cash balance is projected to decrease from $50,000 in August to $15,000 in September due to higher expenditures and cash outflows from investments and financing.

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    The document presents Smith's Avionics' cash budget for the period of June to September 2021, outlining expected cash receipts from sales, cash payments for inventory, labor, overhead and other expenses. It calculates the monthly and cumulative cash balances, investments of excess cash, and financing needs based on the net cash flows. The ending cash balance is projected to decrease from $50,000 in August to $15,000 in September due to higher expenditures and cash outflows from investments and financing.

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    35 views2 pages

    20 - Assignment 4 CTR

    Uploaded by

    Camilo Toro
    The document presents Smith's Avionics' cash budget for the period of June to September 2021, outlining expected cash receipts from sales, cash payments for inventory, labor, overhead and other expenses. It calculates the monthly and cumulative cash balances, investments of excess cash, and financing needs based on the net cash flows. The ending cash balance is projected to decrease from $50,000 in August to $15,000 in September due to higher expenditures and cash outflows from investments and financing.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Assignment 4 Mar 16, 2021

    Smith’s Avionics
    Cash Budget Jun - Sep 2021

    Cash Receipts Apr May Jun Jul Aug Sep


    Sales 410,000.00 400,000.00 380,000.00 360,000.00 390,000.00 420,000.00
    Credit (90% of Sales) 369,000.00 360,000.00 342,000.00 324,000.00 351,000.00 378,000.00

    Cash Sales - Cash receipts same month (10% sales) 41,000.00 40,000.00 38,000.00 36,000.00 39,000.00 42,000.00
    Credit - Cash Receipts 1 month after N/A 73,800.00 72,000.00 68,400.00 64,800.00 70,200.00
    Credit - Cash Receipts 2 month after N/A N/A 287,820.00 280,800.00 266,760.00 252,720.00
    Total Cash Receipts 397,820.00 385,200.00 370,560.00 364,920.00

    Cash Payments Apr May Jun Jul Aug Sep


    Inventory Purchases 220,000.00 210,000.00 200,000.00 250,000.00 300,000.00 200,000.00
    Variable Labour 41,000.00 40,000.00 38,000.00 36,000.00 39,000.00 42,000.00
    Fixed Labour 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00
    Overhead 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00
    Fixed Debt - - 40,000.00 - - 40,000.00
    Cash Dividend - - 20,000.00 - - -
    Tax Installments - - 35,000.00 - - 35,000.00
    Capital Purchase - - - - - 300,000.00
    Depreciation (not a cash item) - - - - - -
    Total Cash Payments 279,000.00 268,000.00 351,000.00 304,000.00 357,000.00 635,000.00

    Cash Budget Jun Jul Aug Sep


    Total Cash Receipts 397,820.00 385,200.00 370,560.00 364,920.00
    Less: Total Cash Payments (351,000.00) (304,000.00) (357,000.00) (635,000.00)
    Equals: Net Cash Flow 46,820.00 81,200.00 13,560.00 (270,080.00)
    Plus: Beginning Cash Balance 20,000.00 50,000.00 50,000.00 50,000.00
    A. Cummulative Cash Balance 66,820.00 131,200.00 63,560.00 (220,080.00)

    Investments
    Previous Investment Balance - 16,820.00 98,049.44 111,781.02
    Cash Excess Invested from Current Month's Cash 16,820.00 81,200.00 13,560.00 -
    Return on Previous Month's Investment Balance (2.1% PA) - 29.44 171.59 195.62
    Less: Investment Cashed (Not Reinvested) - - - (111,976.64)
    Cumulative Investment Balance 16,820.00 98,049.44 111,781.02 -

    B. Plus: Net Cash Inflow (Outflow) from Investments (16,820.00) (81,200.00) (13,560.00) 111,976.64

    Financing
    C. Plus: Monthly Loan (Repayment) - - - 123,103.36
    Cumulative Loan Balance - - - 123,103.36

    Total: Ending Cash Balance (A + B + C) 50,000.00 50,000.00 50,000.00 15,000.00


    Camilo Toro-Ramirez Mar 16 2021

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