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








March (Rand)



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.


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

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