Prepare a cash budget statement, Financial Econometrics

Loudfire Safaris have requested you to prepare a cash budget for the period ending 31 March 2013. The following projections have been made for the next 4 months

 

December

(Rand)

January

(Rand)

February

(Rand)

March (Rand)

Credit

Purchases

10 000

15 000

18 000

25 000

Credit Sales

25 000

35 000

40 000

55 000

Additional information:

60% of the sales are collected in the month of the sale and the balance the following month.

30% of the purchases are paid for in the month of purchase, 50% in the following month and the balance in the month after.

Monthly salaries: R12 500

Advertising per month R3 600

The debit balance at the bank at end of December was R 5 000.

Required:

Prepare a cash budget statement to ascertain the cash position at the end of every month for Loudfire Safaris.

Posted Date: 4/1/2013 2:59:33 AM | Location : United States







Related Discussions:- Prepare a cash budget statement, Assignment Help, Ask Question on Prepare a cash budget statement, Get Answer, Expert's Help, Prepare a cash budget statement Discussions

Write discussion on Prepare a cash budget statement
Your posts are moderated
Related Questions
Consider a recent merger between two major corporations. Describe the terms of the merger (cash or stock, premium, changes in management / directors, etc.). Explain the motivation

The demand equation for Good Y is given by             P = 900/q - 0.48q + 100       q > 0 In this question use derivatives to explore the relationship between the demand for

Question : A proprietary life company issues only non-profit guaranteed growth bonds. The company invests only in equities with an expected return of 10% p.a, the risk free rat

Question Your portfolio has a beta of 1.18. The portfolio consists of 15% U.S. Treasury bills, 30% in stock A, and 55% in stock B. Stock A has a risk-level equivalent to that o

Question 1: a) Faced with fierce international competition Mauritius should protect its domestic industries, to survive in such an environment. Discuss. b) "The best way


The Citilink Bus Company ("Citilink") was established in 2000 to operate a bus service across a city with 1 million inhabitants. The bus company was created by an indigenous busin

DX had the following balances in its trial balance at 30 September 2006: Trial balance extract at 30 September 2006 $000    $000 Revenue

1. Apply investment appraisal techniques to project cash flows in different business scenarios and in situations of uncertainty, to arrive at investment decisions and to evaluate t

analysis of bond rate parity among india and usa of last 10-15 years