Garden Depot Is a retaller that provided the following budgeted cash flows for next year. 1st Quarter $ 260,000 $ 316,000 2nd Quarter $ 410,000 $ 286,000 3rd Quarter $ 290,000 $ 276,000 Total cash receipts- Total cash disbursements The company's beginning cash balance for next year will be $36,000. The company requires a minimum cash balance of $10,000 and may borrow money at the beginning of any quarter and may repay any part of its loans at the end of any quarter. Interest payments, based on a quarterly Interest rate of 3%, are due on any principal at the time it is repald. For simplicity, assume Interest is not compounded. Required: Prepare the company's cash budget for next year. Note: Repayments, Interest, and cash deficlencles should be Indicated by a minus sign. Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Interest Total financing Ending cash balance Garden Depot Cash Budget 1st Quarter S S 2nd Quarter 36,000 $ (39,400) 410.000 260,000 296,000 370,600 316,000 288,000 (20.000) 84.600 4th Quarter $ 310,000 $296,000 (20,000) (20,000) 600 (39.400) (50,400) S 0 $ 3rd Quarter 4th Quarter 84,800 $ 290,000 374.600 276,000 98,600 HASSANDO A D 0 84.600 $ MYRAS 0 0 0 98,000 $ 98,600 $ 310,000 408,600 296,000 112,600 0 0 0 0 112,600 S Year 179,800 1,270,000 1,449,800 1,174,000 275,800 (20,000) (20,000) 600 (39,400) 236,400

Q: What is Glass-Steagall Act?

A: Glass-Steagall Act splits up the investment and commercial banking segments of an investment bank.

Q: What are the important guidelines for Selecting a MARR?

A: It places a base gainfulness prerequisite on the discount rate, or MARR, which a venture or…

Q: mni.4 answer must be in proper format or i will give down vote

A: Approach to solving the question: post the question  Detailed explanation: Post the question and the…

Q: Examples of  CIRO and PIRO

A: Example of CIRO: A note book valued at $5 CAD is being transported through courier would be exempt…

Q: What is the after announcment?  This is from question a.

A: Debt Value = $2,700,000Current Debt-to-equity ratio = 30%Increased Debt-to-equity ratio = 50%EBIT =…

Q: What is the Rule of 72? How is knowing this concept helpful to you?

A: The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed…

Q: Give the meaning of Trust.

A: Beneficiary/ Fiduciary Trustee  A trust has a beneficiary and a trustee. The individual who is the…

Q: Illustrate the Guidelines for Selecting a MARR?

A: It places a base gainfulness prerequisite on the discount rate, or MARR, which a venture or…

Q: What is the meaning of Frieght Inward and Frieght outward?

A: Freight-inward: Freight-inward is a transportation cost related with the acquisition of goods. In is…

Q: Define each of the following terms:f. White knight; proxy fight

A: A white knight is hostile acquisition security by which a 'friendliness' person or business who…

Q: ansawer

A: Where a partnership itself is generally not subject to income tax, individual partners (including…

Q: Explain the difference between murabaha and mudharaba?

A: Both murabaha and mudharaba are instruments of Islamic finance. There exists some differences…

Q: count ROCE

A: ROCE stands for Return on Capital Employed.

Q: (d) On what basis should management select from these two methods to depreciate the machine? Justify…

A: The management should opt for reducing balance method of depreciation for the above scenario: This…

Q: What is a cfar?

A: Cash Flow at Risk (CFAR):Cash Flow at Risk is a term which focuses on the risk of receivables and…

Q: Egyghh gyu

A: Hope it helps :)

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.