Robert Williams is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Robert has prepared the following purchases budget for the coming year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted purchases $360,000 $500,000 $515,000 $595,000 Historically, Robert has paid for 40% of her purchases in the quarter of purchase and 60% in the quarter following purchase. On December 31 of this year Robert had a $250,000 accounts payable balance. Prepare Robert's cash payments budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual A/P from last year $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount 1st quarter purchases enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount 2nd quarter purchases enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount 3rd quarter purchases enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount 4th quarter purchases enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount Total $enter a total amount $enter a total amount $enter a total amount $enter a total amount $enter a total amount Calculate the accounts payable balance at the end of 4th Quarter. Accounts Payable balance at the end of 4th Quarter $enter the accounts payable balance at the end of 4th quarter in dollars
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.
Robert Williams is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Robert has prepared the following purchases budget for the coming year:
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1st Quarter
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2nd Quarter
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3rd Quarter
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4th Quarter
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Budgeted purchases
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$360,000 | $500,000 | $515,000 | $595,000 |
Historically, Robert has paid for 40% of her purchases in the quarter of purchase and 60% in the quarter following purchase. On December 31 of this year Robert had a $250,000 accounts payable balance.
Prepare Robert's
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1st Quarter
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2nd Quarter
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3rd Quarter
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4th Quarter
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Annual
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A/P from last year
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$enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||||
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1st quarter purchases
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enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||
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2nd quarter purchases
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enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||
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3rd quarter purchases
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enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||
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4th quarter purchases
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enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||||
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Total
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$enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount | $enter a total amount |
Calculate the accounts payable balance at the end of 4th Quarter.
| Accounts Payable balance at the end of 4th Quarter | $enter the accounts payable balance at the end of 4th quarter in dollars |
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