The Target Sales Co which is a wholesale trading company, had the following Sales and Purchases for the first
months of the year:
Sales and Purchases projections for the next months are as follows:
Expenses are per month except in July when holiday pay of increases the total to The
expenses comprise the following:
The cash proceeds from the sale of an asset for are expected to be received in June.
of the sales are for cash and the remainder on month's credit.
month's credit is expected to be received in respect of purchases.
At the end of March the Company had an overdrawn balance of at the bank.
Required:
Prepare a Cash Forecast for each of the months ended September.
I have the solution to this question but I just want to know how some of the figures are calculated
