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    helpkc's Avatar
    helpkc Posts: 1, Reputation: 1
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    #1

    Jun 27, 2014, 03:42 PM
    Cash budget
    How do I format the cash budget?



    Cash balance, November 1 24,000
    Sales 250,000
    Gross profit percentage( based on sales) 45%
    Increase in accounts Receivable during month 24,000
    Increase in accts. Payable during month 51,000
    Increase in inventory during month 98,000
    Selling expenses total 32,000 per month plus 15% of sales. Depreciation expense of 5,000 per month is included in fixed selling expenses. Prepare a worksheet to compute projected cash balance of 1,000 at end of November.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 29, 2014, 06:13 AM
    do you have a text book, please read it
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