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20 - Assignment 4 CTR
20 - Assignment 4 CTR
Smith’s Avionics
Cash Budget Jun - Sep 2021
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
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