Solution-Prepare a cash budget for the months of October

Prepare a cash budget for the months of October

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Reference no: EM133110248

Question - Anastasia, a financial analyst for Savemore Supermarket, has prepared the following sales and cash disbursement estimates for the period of August through December of the current year.

Month	Sales	Disbursement
August	400	300
September	500	500
October	500	700
November	600	400
December	700	500

90% of sales are for cash, the remaining 10% are collected one month later. All disbursements are on a cash basis. The firm wishes to maintain a minimum cash balance of P50. The beginning cash balance in September is P25.

Required - Prepare a cash budget for the months of October, November, and December, nothing any needed financing or excess cash available.

Reference no: EM133110248

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Prepare a cash budget for the months of October

Reference no: EM133110248

Reference no: EM133110248

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