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Prepare the monthly cash budget for blue bill corporation

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Reference no: EM131527566

Assignment: Cash Budget

Sales for Blue Bill Corporation are projected as follows for the months of June through November:

June $200,000
July 200,000
August 200,000
September 300,000
October 500,000
November 200,000

Credit sales account for 70% of the monthy sales and are collected one month after the sale.
Other receipts for October are $50,000.
Variable disbursements are 60% of sales each month.
Fixed disbursements are $10,000 each month.
$80,000 should be included in August for taxes.
The company is obligated to make a $400,000 debt repayment in November.
Beginning cash in June is $50,000.
Desired ending cash each month is $10,000.

Complete the monthly cash budget for Blue Bill Corporation for June through November.

Blue Bill Corporation
Cash Budget
 




 
  June July August September October  November
Sales            
Cash sales             
Collections            
Other Receipts            
Total cash receipts            
 




 
Variable disbursements             
Fixed disbursements            
Other disbursements            
Total cash disbursements            
 




 
Net change during the month            
 




 
Beginning cash            
Ending cash            
Required cash            
Excess cash to invest            
Cash borrowed            

Reference no: EM131527566

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