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  • Basic Grenoble Enterprises Cash Budget

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    vratislav12
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    This document shows the cash budget for Basic Grenoble Enterprises over three months. In May, sales were $70,000 and there was a cash excess of $8,000. However, in June sales increased to $80,000 but there was a cash deficit of $2,000 requiring $18,000 in additional borrowing. In July, sales further increased to $100,000 but there was still a $2,000 deficit, met by $13,000 in additional borrowing.

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    2009-11-13_020853_Grenoble_Cash_Budget

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    This document shows the cash budget for Basic Grenoble Enterprises over three months. In May, sales were $70,000 and there was a cash excess of $8,000. However, in June sales increased to $80,000 but there was a cash deficit of $2,000 requiring $18,000 in additional borrowing. In July, sales further increased to $100,000 but there was still a $2,000 deficit, met by $13,000 in additional borrowing.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    8 views1 page

    Basic Grenoble Enterprises Cash Budget

    Uploaded by

    vratislav12
    This document shows the cash budget for Basic Grenoble Enterprises over three months. In May, sales were $70,000 and there was a cash excess of $8,000. However, in June sales increased to $80,000 but there was a cash deficit of $2,000 requiring $18,000 in additional borrowing. In July, sales further increased to $100,000 but there was still a $2,000 deficit, met by $13,000 in additional borrowing.

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    of 1

    May June July

    Sales 70,000 80,000 100,000


    Cash Beginning Balance: 5,000 8,000 5,000
    Collections: Neo
    Two months ago's Sales (20%) 10,000 12,000 14,000
    Last Month's Sales (60%) 36,000 42,000 48,000
    Current Sales (20%) 14,000 16,000 20,000
    Other Income 2,000 2,000 2,000
    Total 62,000 72,000 84,000
    Total Cash Available for Disbursement 67,000 80,000 89,000
    Purchases 50,000 70,000 80,000
    Rent Payment 3,000 3,000 3,000
    Salaries and Wages 6,000 7,000 8,000
    Total 59,000 80,000 91,000
    Cash Excess or (deficit) 8,000 - (2,000)
    Financing Methods:
    Payment of Cash Dividends - (3,000) Neo
    Payment of Loan and Interest - (4,000)
    Purchase of Equipment - (6,000)
    Payment of Taxes Eon (6,000)
    Additional Borrowing (Repayment) - 18,000 13,000
    Cash Ending Balance 8,000 5,000 5,000
    ***Basic Grenoble Enterprise has suficient fund for the month of May but it needs to make
    additional borrowings on the months of June and July to meet its cash requirement.
    Basic Grenoble Enterprises
    Cash Budget

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