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Fin 370 Week 3 Essay

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Below is an essay on "Fin 370 Week 3" from Anti Essays, your source for research papers, essays, and term paper examples.

Assignments from the readings Week 3

4-6A.

a. Prepare a cash budget for Sharpe covering the first seven months of 2004.

The Sharpe Corporation Cash Budget Worksheet |
| Month | |
| November | December | January | February | March | April | May | June | July | August |
Sales | $220,000 | $175,000 | $90,000 | $120,000 | $135,000 | $240,000 | $300,000 | $270,000 | $225,000 | $150,000 |
Collections: | | | | | | | | | | |
Month of Sale (10%) | | | $9,000 | $12,000 | $13,500 | $24,000 | $30,000 | $27,000 | $22,500 | |
First Month (60%) | | | $105,000 | $54,000 | $72,000 | $81,000 | $144,000 | $180,000 | $162,000 | |
Second Month (30%) | | | $66,000 | $52,500 | $27,000 | $36,000 | $40,500 | $72,000 | $90,000 | |
Total Collections | | | $180,000 | $118,500 | $112,500 | $141,000 | $214,500 | $279,000 | $274,500 | |
Purchases | | $72,000 | $81,000 | $144,000 | $180,000 | $162,000 | $135,000 | $90,000 | | |
Payments (one month lag) | | | $72,000 | $81,000 | $144,000 | $180,000 | $162,000 | $135,000 | $90,000 | |
Cash Receipts: | | | | | | | | | | |
Collections | | | $180,000 | $118,500 | $112,500 | $141,000 | $214,500 | $279,000 | $274,500 | |
Cash Disbursements: | | | | | | | | | | |
Purchases | | | $72,000 | $81,000 | $144,000 | $180,000 | $162,000 | $135,000 | $90,000 | |
Rent | | | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | |
Other Expenditures | | | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | |
Tax Deposits | | | | | $22,500 | | | $22,500 | | |
Interest on Short-term Borrowing | | | | | | $605 | $386 | | |
Total Disbursements | | | $102,000 | $111,000 | $196,500 | $210,000 | $192,605 | $187,886 | $120,000 | |
Net Monthly Change | | | $78,000 | $7,500 | ($84,000) | ($69,000) | $21,895 | $91,114...

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"Fin 370 Week 3". Anti Essays. 20 Aug. 2018

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Fin 370 Week 3. Anti Essays. Retrieved August 20, 2018, from the World Wide Web: https://www.antiessays.com/free-essays/Fin-370-Week-3-221575.html