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- schedule of expected cash collections

- schedule of inventory purchases and a schedule of expected cash disbursements for purchases

- schedule of expexted cash disbursements for operating expenses

- cash burget by month and for the quarter in total

- income statement for the quarter ended june 30

- balance sheet as of june 30

Following is selected information relating to the operations of Show Company wholesale Corrente Marche Canh Accounts receivable Invento Plant and went ut Ants molt Capital shares indarin .. 75.00 190,000 . 210,000 23, Gross margin is 25% of sales b. Actual and budgeted sales data are as follows: March (ortal April May June July $9,000 136.000 133, 150,000 10,000 Sales are 60% for cash and 40% on Credit Credit sales are collected in the month following sale. The accounts receives with 31 are a result of March credit sales d. At the end of each month, Inventory is to be on hand equal to 80% of the following month sales needs stated at cost One-half of a month's inventory purchases are paid for in the month of purchase the other hallare paid for in the following month The accounts payable at March 31 are a result of March purchases of inventory Monthly expenses are as follows: salaries and wages, 12% of salernt. $6.500 per month the expenses excluding depreciation), 6% of sales. Assume that these expenses are paid monthly Depreciation is 52.000 per month includes edition on new assets 9. Equipment costing $2.600 will be purchased for cash in April b: Actual and budgeted sales data are as follows: March (actual) April May June July $105,000 126.000 138,000 155.000 103,000 Sales are 60% for cash and 40% on credit, Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales d. At the end of each month. Inventory is to be on hand equal to 80% of the following month's sales needs, stated at cost e One-half of a month's inventory purchases are paid for in the month of purchase the other half are paid for in the following month The accounts payable at March 31 are a result of March purchases of inventory 1. Monthly expenses are as follows: salaries and wages. 129. of sales rent. $6,500 per month other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly. Depreciation is $2,000 per month onclodes depreciation on new assets) 9. Equipment costing $2.600 will be purchased for cash in April h. The company must maintain a minimum cash balance of $8.000. An open line of credit is available at a local bank. All borrowing is done at the beginning of a month, and all repayments are made at the end of a month bonowing must be in multiples of $1000, The annual interest rate is 12%. Interest is paid only at the time of repayment of principal figure interest on whole months (1122/12 and so forth) Required: Following is selected information relating to the operations of Show Company wholesale Corrente Marche Canh Accounts receivable Invento Plant and went ut Ants molt Capital shares indarin .. 75.00 190,000 . 210,000 23, Gross margin is 25% of sales b. Actual and budgeted sales data are as follows: March (ortal April May June July $9,000 136.000 133, 150,000 10,000 Sales are 60% for cash and 40% on Credit Credit sales are collected in the month following sale. The accounts receives with 31 are a result of March credit sales d. At the end of each month, Inventory is to be on hand equal to 80% of the following month sales needs stated at cost One-half of a month's inventory purchases are paid for in the month of purchase the other hallare paid for in the following month The accounts payable at March 31 are a result of March purchases of inventory Monthly expenses are as follows: salaries and wages, 12% of salernt. $6.500 per month the expenses excluding depreciation), 6% of sales. Assume that these expenses are paid monthly Depreciation is 52.000 per month includes edition on new assets 9. Equipment costing $2.600 will be purchased for cash in April b: Actual and budgeted sales data are as follows: March (actual) April May June July $105,000 126.000 138,000 155.000 103,000 Sales are 60% for cash and 40% on credit, Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales d. At the end of each month. Inventory is to be on hand equal to 80% of the following month's sales needs, stated at cost e One-half of a month's inventory purchases are paid for in the month of purchase the other half are paid for in the following month The accounts payable at March 31 are a result of March purchases of inventory 1. Monthly expenses are as follows: salaries and wages. 129. of sales rent. $6,500 per month other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly. Depreciation is $2,000 per month onclodes depreciation on new assets) 9. Equipment costing $2.600 will be purchased for cash in April h. The company must maintain a minimum cash balance of $8.000. An open line of credit is available at a local bank. All borrowing is done at the beginning of a month, and all repayments are made at the end of a month bonowing must be in multiples of $1000, The annual interest rate is 12%. Interest is paid only at the time of repayment of principal figure interest on whole months (1122/12 and so forth) Required

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