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    Schedule of Cash Collection: Feb Sale March Sale

    Uploaded by

    mohammad bilal
    The document summarizes cash collection and budget for a company over three months: April, May, and June. It shows sales amounts by month and percentages collected. Total cash collection for the quarter was $1.5 million. The cash budget details opening balances, accounts receivable, expenses, and financing activities. Borrowing of $90,000 in April was repaid in May with $9,000 of interest paid. The ending cash balance remained steady at $64,400 for May and June.

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    Schedule of Cash Collection: Feb Sale March Sale

    Uploaded by

    mohammad bilal
    168 views6 pages
    The document summarizes cash collection and budget for a company over three months: April, May, and June. It shows sales amounts by month and percentages collected. Total cash collection for the quarter was $1.5 million. The cash budget details opening balances, accounts receivable, expenses, and financing activities. Borrowing of $90,000 in April was repaid in May with $9,000 of interest paid. The ending cash balance remained steady at $64,400 for May and June.

    Original Description:

    managerial accounting

    Original Title

    Assignment 2

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    The document summarizes cash collection and budget for a company over three months: April, May, and June. It shows sales amounts by month and percentages collected. Total cash collection for the quarter was $1.5 million. The cash budget details opening balances, accounts receivable, expenses, and financing activities. Borrowing of $90,000 in April was repaid in May with $9,000 of interest paid. The ending cash balance remained steady at $64,400 for May and June.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    168 views6 pages

    Schedule of Cash Collection: Feb Sale March Sale

    Uploaded by

    mohammad bilal
    The document summarizes cash collection and budget for a company over three months: April, May, and June. It shows sales amounts by month and percentages collected. Total cash collection for the quarter was $1.5 million. The cash budget details opening balances, accounts receivable, expenses, and financing activities. Borrowing of $90,000 in April was repaid in May with $9,000 of interest paid. The ending cash balance remained steady at $64,400 for May and June.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 6

    Schedule of Cash Collection

    April May June


    Sales 400000 600000 500000
    Feb sale
    250000x20% 50000
    March sale
    300000x35% 105000
    300000x20% 60000
    April Sale
    400000x40% 160000
    400000x30% 120000
    400000x20%
    May Sale
    600000x40% 240000
    600000x35%
    June Sale
    500000x40%
    TOTAL 715000 1020000
    CASH BUDGET FOR THE QUARTER
    APRIL MAY JUNE
    Opening bal 48500 40000 64400
    Add: Account Rec 315000 440000 490000
    Total 363500 480000 554400
    less: Disbursement
    payments 67500 82500 75000
    direct labour exp 75000 85000 105000
    mfo exp 56000 76000 50000
    selling & admin e 70000 80000 60000
    dividend 45000
    machine 100000 200000
    Total Disbursem 413500 323500 490000
    excess/ deffecien -50000 156500 64400
    FINANCING
    borrowing 90000 _ _
    repayment -90000 _
    interest -2100 _
    Total FINANCING 90000 -92100 _
    ENDING CASH B 40000 64400 64400
    ection
    Quarter
    1500000
    QUARTER
    QUARTER
    48500
    1245000
    1293500

    225000
    265000
    182000
    210000
    45000
    300000
    1227000
    66500

    90000
    -90000
    -2100
    -2100
    64400

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