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
Four European vanilla Call options ()iC· on an underlier with no interim cash flows, have identical maturity T. Their strike prices iK are such that 1234KKKK A trader buys ()1CK an

Introduction - Overview of the business idea. A clear outline of what you intend to present and why you are presenting it in your chosen method or style Business Plan A clear

If an investment is expected to return of 5 percent in the future, a $53,000 investment will grow to how much in 22 years?

Question What is the standard deviation of a portfolio which is comprised of $4,500 invested in stock S and $3,000 in stock T?

Prices of Calls and Puts Options the shares of Marks & Spencer a) Explain carefully why the November calls are trading at higher prices than the September calls. b) Draw a diag

Question If the economy booms, RTF, Inc. stock is expected to return 10%. If the economy goes into a recessionary period, then RTF is expected to only return 4%. The probabilit

The international monetary fund and the world bank are the main lending financial institutions that give assistance to developing nations in the restoration of their economy. Wh

Q. What do you meant by Trade payable days? Year-end trade payables/Credit purchases (or cost of sales)x 365 days This is the length of time taken to pay suppliers. Ratio ca

Question 1: (a) Analyse the impact of boom and bust in the economy on business activities? (b) What measures can policy makers use to promote economic expansion? Ques

Question : (a) Why OLS cannot be applied in the presence of simultaneous equation bias? b) i) Prepare a simultaneous equation model for the supply and demand of dentist in