FIGURE 16-4 Cash Budget for Stars and Stripes Clothing A company-wide cash budget projects sales, collections, purchases, and expenses over a specified period to anticipate cash gains and losses. STARS AND STRIPES CLOTHING Cash Budget From January 1, 20xx to December 31, 20xx First Quarter (9 Second Quarter (9 Third Quarter (9 Fourth Quarter (9 Total (9 Cash sales and 150,000 160,000 150,000 185,000 645,000 collections Less payments 90,000 25,000 12,000 5,000 10,000 142,000 60,000 30,000 12,000 6,000 10,000 118,000 Purchases 110,000 25,000 10,000 4,000 8,000 157,000 80,000 20,000 10,000 4,000 8,000 122,000 340,000 100,000 44,000 19,000 36,000 539,000 Wages/salaries Rent Other expenses Тахes Total payments Cash gain or (loss) (7,000) 38,000 8,000 67,000 106,000

FIGURE 16-4 Cash Budget for Stars and Stripes Clothing A company-wide cash budget projects sales, collections, purchases, and expenses over a specified period to anticipate cash gains and losses. STARS AND STRIPES CLOTHING Cash Budget From January 1, 20xx to December 31, 20xx First Quarter (9 Second Quarter (9 Third Quarter (9 Fourth Quarter (9 Total (9 Cash sales and 150,000 160,000 150,000 185,000 645,000 collections Less payments 90,000 25,000 12,000 5,000 10,000 142,000 60,000 30,000 12,000 6,000 10,000 118,000 Purchases 110,000 25,000 10,000 4,000 8,000 157,000 80,000 20,000 10,000 4,000 8,000 122,000 340,000 100,000 44,000 19,000 36,000 539,000 Wages/salaries Rent Other expenses Тахes Total payments Cash gain or (loss) (7,000) 38,000 8,000 67,000 106,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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