Reference no: EM132317388

Question

The following is a Budget prepared by Tony's Tree Service for the 3 Months ending 31 March.

                                                   January      February       March       Total
Inflows                                            $                  $               $             $

Fees Received                                42,000         48,000        36,000      126,000

Outflows

Wages                                          12,000         12,500         10,000        34,500

Office Expenses                              2,000          2,200           1,800         6,000

Equipment Expenses                        1,200           2,600           1,600         5,400

Motor Vehicle Expenses                    4,800           5,200           4,600        14,600

Advertising                                    3,200           3,600           2,800          9,600

Other                                           2,800           3,600           3,000          9,400

Total Outflows                               26,000         29,700          23,800         79,500

Net Inflow (Outflow)                       $16,000        $18,300        $12,200        $46,500

The following assumptions (use the March figures) are used to prepare the Budget:

Fees received are expected to rise by 12%

Wages will rise by 2%

All other expenses will rise by 4%.

Question

Based on the above Forecast complete Net Cash Inflow/Outflow Budget for April.