I need a full detailed cash flow in a table please, based on the follwing information tems Quarter 1 Quarter 2 Quarter 3 Quarter 4 Gross sales 400,000 500,000 300,000 200,000 Gross purchases 250,000 150,000 200,000 180,000 Paid cash machines and equipment ----- ----- 80,000 ----- Paid cash utilities ----- 400,000 ----- ----- Salary and wages 21000 26000 24000 ----- Interest credit 15000 ----- 10,000 35000 Interest debit 8000 6000 19000 4000 Overhead expenses 4000 3000 3500 3200 Minimum reserve of cash 300,000 300,000 300,000 300,000 If you know that: -The company can borrow money when required with the loan’s interest rate of 10% of the amount borrowed during the period. There are 20% of gross sales are considered as cash sales. Credit sales are collected as follows: 70% in the same quarter of sales, 20% in the following quarter, and 10% in the quarter after. Overhead expenses include 3000 EGP depreciation/ quarter. There are 10% of gross purchases are considered as cash purchases. Debit purchases are paid as follows: 60% in the same quarter of purchases, 25% in the following quarter, and 15% in the quarter after. Eighth: Balance Sheet (B.S.) of the 31/12/2021 Assets Liabilities & Owner's Equity Cash 200,000 Loan Accounts payable 100,000 50,000 A/R 20,000 Capital 195000 Furniture 29000 Machines and equipment 36000 Depreciation (3000) Materials 3000 Merchandise (F.G.) 60,000 Total Assets 345000 Total Liabilities and O'E 345000

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

I need a full detailed cash flow in a table please, based on the follwing information

tems	Quarter 1	Quarter 2	Quarter 3	Quarter 4
Gross sales	400,000	500,000	300,000	200,000
Gross purchases	250,000	150,000	200,000	180,000
Paid cash machines and equipment	-----	-----	80,000	-----
Paid cash utilities	-----	400,000	-----	-----
Salary and wages	21000	26000	24000	-----
Interest credit	15000	-----	10,000	35000
Interest debit	8000	6000	19000	4000
Overhead expenses	4000	3000	3500	3200
Minimum reserve of cash	300,000	300,000	300,000	300,000

If you know that:

-The company can borrow money when required with the loan’s interest rate of 10% of the amount borrowed during the period.

There are 20% of gross sales are considered as cash sales.
Credit sales are collected as follows: 70% in the same quarter of sales, 20% in the following quarter, and 10% in the quarter after.
Overhead expenses include 3000 EGP depreciation/ quarter.
There are 10% of gross purchases are considered as cash purchases.
Debit purchases are paid as follows: 60% in the same quarter of purchases, 25% in the following quarter, and 15% in the quarter after.

Eighth:

Balance Sheet (B.S.) of the 31/12/2021