What would a cash flow forecast for Viggio for the next six months look like? Please create a forecast based on the following estimates below Viggio Estimates for Next YearJanuaryFebruaryMarchAprilМayJuneТОТALSales$73,305$58,644$58,644$87,966$97,740 $112,401$488,700Monthly Purchases$46,182$36,946$36,946$55,419$61,576$70,813$307,881Mortgage payment$10,000$10,000$10,000$10,000$10,000$10,000$60,000Rent for storage area$2,000$2,000$2,000$2,000$2,000$2,000$12,000Utilities$2,000$2,200$1,800$1,500$2,000$2,300$11,800Marketing$2,500$2,100$2,000$2,200$3,000$2,500$14,300Insurance$700$700$700$700$700$700$4,200Salaries and Benefits$5,000$5,600$5,000$5,600$6,400$6,900$34,500Internet WebsiteMaintenance$500$500$500$500$500$500$3,000Repairs andMaintenance$500$500$500$500$500$500$3,000Travel$1,800$800$1,500$1,000$800$800$6,700Supplies$400$400$400$400$400$400$2,400Loan Payments$2,275$2,275$2,275$2,275$2,275$2,275$13,650Tax Payments$500$560$500$560$640$690$3,450Annual Tax Payment$35,000$35,000Misc.$300$300$300$300$300$300$1,800

Answered: What would a cash flow forecast for…

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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What would a cash flow forecast for Viggio for the next six months look like? Please create a forecast based on the following estimates below

Viggio Estimates for Next Year
January
February
March
April
Мay
June
ТОТAL
Sales
$73,305
$58,644
$58,644
$87,966
$97,740 $112,401
$488,700
Monthly Purchases
$46,182
$36,946
$36,946
$55,419
$61,576
$70,813
$307,881
Mortgage payment
$10,000
$10,000
$10,000
$10,000
$10,000
$10,000
$60,000
Rent for storage area
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$12,000
Utilities
$2,000
$2,200
$1,800
$1,500
$2,000
$2,300
$11,800
Marketing
$2,500
$2,100
$2,000
$2,200
$3,000
$2,500
$14,300
Insurance
$700
$700
$700
$700
$700
$700
$4,200
Salaries and Benefits
$5,000
$5,600
$5,000
$5,600
$6,400
$6,900
$34,500
Internet Website
Maintenance
$500
$500
$500
$500
$500
$500
$3,000
Repairs and
Maintenance
$500
$500
$500
$500
$500
$500
$3,000
Travel
$1,800
$800
$1,500
$1,000
$800
$800
$6,700
Supplies
$400
$400
$400
$400
$400
$400
$2,400
Loan Payments
$2,275
$2,275
$2,275
$2,275
$2,275
$2,275
$13,650
Tax Payments
$500
$560
$500
$560
$640
$690
$3,450
Annual Tax Payment
$35,000
$35,000
Misc.
$300
$300
$300
$300
$300
$300
$1,800

Expert Solution

Step 1

Cash flow statement:
Cash flow statement can be defined as the financial statement prepared by the business entity for the purpose of reporting the cash inflows and the outflows during specific period. It reflects the cash position of the business entity and liquidity in the business operation.

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