Quarter 4 Year $ ? $ ? $ ? 323 Cash balance, beginning. $ ? ..... Add collections from customers. 96 Total cash available... 71 Less disbursements: 35 45 35 Purchase of inventory.. Selling and administrative expenses. Equipment purchases.. Dividends... 30 30 113 8. 10 36 .... 2 Total disbursements. 85 Excess (deficiency) of cash available over disbursements (2) 11 Financing: Borrowings.. Repayments (including interest) 15 (?) (17) %3D Total financing .. Cash balance, ending.. $ ? $ ? $ ? "Interest will total $1,000 for the year. 3. 2.
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.
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter.
Required:
Fill in the missing amounts in the above table.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 7 images
