Complete the monthly cash budget for blue bill corporation

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Assignment: Cash Budget

Sales for Blue Bill Corporation are projected as follows for the months of June through November:

June $200,000
July 200,000
August 200,000
September 300,000
October 500,000
November 200,000

Credit sales account for 70% of the monthy sales and are collected one month after the sale.

Other receipts for October are $50,000.
Variable disbursements are 60% of sales each month.
Fixed disbursements are $10,000 each month.
$80,000 should be included in August for taxes.
The company is obligated to make a $400,000 debt repayment in November.
Beginning cash in June is $50,000.
Desired ending cash each month is $10,000.

Complete the monthly cash budget for Blue Bill Corporation for June through November.

Attachment:- Budgeting_Assignment.rar

Reference no: EM131494266

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