Prepare summary budget for march

Assignment Help Financial Accounting

Reference no: EM131286507

Prepare a summary budget for March. Cash Balance March 1st is 3000. Sales in March estimated to be 50000. Sales collected over two month period 65% in March & 35% in February with sales of 60000 in Feb. Inventory purchase in March 20000. Company pays half of inventory purchase in March other half in Feb with purchases of 18000 for Feb. Cash disbursement for March is 5000. Loan and interest payment for March is 25000. What is the cash balance at the end of March.

Reference no: EM131286507

Questions Cloud

Describe how the message is executed : Describe how the message is executed. Discuss what is good and bad about the ad. Do you think the ad will be effective? Why or why not?

Flexible budget be based upon : Prior to the start of 2013. Proctor inc. estimated budgeted salesat 225000 units. beginning of 2013 there were 8000 inits in beginning finished goods. During 2013 215000 units were sold. how many units should proctors 2013 flexible budget be based up..

Calculate the grps for each media : Calculate the GRPs for each media buy based on the information given.- Calculate the CPM for each media buy.- Tell why you would select the four.

Create database tables using libreoffice base : Create database tables using LibreOffice Base - Create queries and forms using LibreOffice Base and SQL and - Identify IT controls needed and ethical, privacy and security issues the organisation might encounter when using databases.

Prepare summary budget for march : Prepare a summary budget for March. Cash Balance March 1st is 3000. Sales in March estimated to be 50000. Sales collected over two month period 65% in March & 35% in February with sales of 60000 in Feb. Inventory purchase in March 20000. Cash disburs..

Find the temperature distribution in the wall : Using the implicit, finite-difference method with a time increment of 1 h, find the temperature distribution in the wall 5, 10, 50, and 100 h after introduction of the flue gases.

Are consumers being deceived when a firm pays : Firms are increasing their use of search engine marketing in which they pay search engines such as Google and Bing for priority position listings.

Completion of assigned goals and objectives : What leadership skills are required to ensure that all group/team members contribute to the completion of assigned goals and objectives?

Preparing the financial statements for service business : Describe the major differences in preparing the financial statements for a service business and a merchandising business.

User Account

All Pages