Prepare a cash budget statement, Financial Econometrics

Assignment Help:

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.


Related Discussions:- Prepare a cash budget statement

Conservative policy for financing working capital, Q. Conservative policy f...

Q. Conservative policy for financing working capital? A conservative policy for financing working capital is one where short-term finance is usedto fund: A : All of the flu

Marketing pricing, Could you please explain me how to determine the marketi...

Could you please explain me how to determine the marketing pricing of a industril products? For explam a component in air conditioning. No standard parts in marketing.

Maximize total revenue, The demand equation for Good Y is given by      ...

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

Calculate dr''s quick ratio, Q. Calculate DR's quick ratio? DR has the ...

Q. Calculate DR's quick ratio? DR has the following balances under current assets and current liabilities: Current assets $ Current liabilities

What are trade receivable days, Q. What are Trade receivable days? Year...

Q. What are Trade receivable days? Year-end trade receivables/Credit sales (or turnover)] * 365 days This is average length of time taken by customers to pay. A long average

#titleAssignment Help.., Question I: (50 points) Derive the pricing formula...

Question I: (50 points) Derive the pricing formula for the expected excess return of a risky stock and the riskfree stock in the traditional consumption-CAPM assuming that the leve

Chapter , a debit is used to record

a debit is used to record

Economy System, What are the four basic elements found in all economic syst...

What are the four basic elements found in all economic system?

Cost model and revaluation model , Topic AASB 116 Property, Plant and...

Topic AASB 116 Property, Plant and Equipment allows entities to choose between the cost model and revaluation model for measuring and accounting for non-current assets subseq

Finance, apple is having too much cash, discuss six reasons of why sharehol...

apple is having too much cash, discuss six reasons of why shareholders are so worried

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd