Kelompok 3 :

Kenny santoso 201950153

Nicholas 201950241
Dian Jessica 201950064
Jesica Laudus 201950226
Hendra 201950067
Li Ming 201950235
1.a Schedule of expected cash collections
First Quarter Second Quarter
Current year fourth quarter sales $ 66,000.00
Next year first quarter sales $ 195,000.00 $ 99,000.00
Next year second quarter sales $ 260,000.00
Next year third quarter sales
Next year fourth quarter sales
Total cash collections $ 261,000.00 $ 359,000.00

1.b Schedule of expected cash disbursements for merchandise purch

First Quarter Second Quarter
Current year fourth quarter purchases $ 25,200.00
Next year first quarter purchases $ 148,800.00 $ 37,200.00
Next year second quarter purchases $ 196,800.00
Next year third quarter purchases
Next year fourth quarter purchases
Total cash disbursements $ 174,000.00 $ 234,000.00

2 Schedule of expected cash disbursements for selling and administrative

First Quarter Second Quarter
Budgeted sales $ 300,000.00 $ 400,000.00
Variable selling and administrative rate 15% 15%
Variable expenses $ 45,000.00 $ 60,000.00
Fixed selling and administrative expenses $ 50,000.00 $ 50,000.00
Total selling and administrative expenses $ 95,000.00 $ 110,000.00
Less : Noncash expenses $ 20,000.00 $ 20,000.00
Cash selling and administrative expenses $ 75,000.00 $ 90,000.00

3 Cash budget
First Quarter Second Quarter
Cash Balance, beginning $ 10,000.00 $ 12,000.00
Add cash collections $ 261,000.00 $ 359,000.00
Total cash available $ 271,000.00 $ 371,000.00
Less cash disbursements :
For inventory $ 174,000.00 $ 234,000.00
For expenses $ 75,000.00 $ 90,000.00
Dividends payment $ 10,000.00 $ 10,000.00
Land purchases $ - $ 75,000.00
Total cash disbursements $ 259,000.00 $ 409,000.00
Excess (deficiency) $ 12,000.00 $ -38,000.00
Financing :
Borrowing $ 48,000.00
Repayments
Interest
Total Financing $ - $ 48,000.00
Ending cash balance $ 12,000.00 $ 10,000.00
sh collections
Third Quarter Fourth Quarter Total
$ 66,000.00
$ 294,000.00
$ 132,000.00 $ 392,000.00
$ 325,000.00 $ 165,000.00 $ 490,000.00
$ 130,000.00 $ 130,000.00
$ 457,000.00 $ 295,000.00 $ 1,372,000.00

ts for merchandise purchases

Third Quarter Fourth Quarter Total
$ 25,200.00
$ 186,000.00
$ 49,200.00 $ 246,000.00
$ 244,000.00 $ 61,000.00 $ 305,000.00
$ 100,800.00 $ 100,800.00
$ 293,200.00 $ 161,800.00 $ 863,000.00

selling and administrative expenses

Third Quarter Fourth Quarter Total
$ 500,000.00 $ 200,000.00 $ 1,400,000.00
15% 15% 15%
$ 75,000.00 $ 30,000.00 $ 210,000.00
$ 50,000.00 $ 50,000.00 $ 200,000.00
$ 125,000.00 $ 80,000.00 $ 410,000.00
$ 20,000.00 $ 20,000.00 $ 80,000.00
$ 105,000.00 $ 60,000.00 $ 330,000.00

t
Third Quarter Fourth Quarter Total
$ 10,000.00 $ 10,800.00 $ 10,000.00
$ 457,000.00 $ 295,000.00 $ 1,372,000.00
$ 467,000.00 $ 305,800.00 $ 1,382,000.00

$ 293,200.00 $ 161,800.00 $ 863,000.00

$ 105,000.00 $ 60,000.00 $ 330,000.00
$ 10,000.00 $ 10,000.00 $ 40,000.00
$ 48,000.00 $ - $ 123,000.00
$ 456,200.00 $ 231,800.00 $ 1,356,000.00
$ 10,800.00 $ 74,000.00 $ 26,000.00

$ 48,000.00
$ -48,000.00 $ -48,000.00
$ -200.00 $ -200.00
$ - $ -48,200.00 $ -200.00
$ 10,800.00 $ 25,800.00 $ 25,800.00