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  • Less: Interest On Short Term Borrowing

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    Ivan Lin
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    This cash budget for Salco Furniture Co. shows receipts, disbursements, and net monthly changes for a 4 month period ending in April 2012. Cash receipts were highest in March and April while disbursements peaked in March, leading to negative net changes in those months and a need for financing. The budget tracks beginning and ending cash balances along with interest expenses and financing needs on a short term loan.

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    budget

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    Cash Budget

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    This cash budget for Salco Furniture Co. shows receipts, disbursements, and net monthly changes for a 4 month period ending in April 2012. Cash receipts were highest in March and April while disbursements peaked in March, leading to negative net changes in those months and a need for financing. The budget tracks beginning and ending cash balances along with interest expenses and financing needs on a short term loan.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    35 views1 page

    Less: Interest On Short Term Borrowing

    Uploaded by

    Ivan Lin
    This cash budget for Salco Furniture Co. shows receipts, disbursements, and net monthly changes for a 4 month period ending in April 2012. Cash receipts were highest in March and April while disbursements peaked in March, leading to negative net changes in those months and a need for financing. The budget tracks beginning and ending cash balances along with interest expenses and financing needs on a short term loan.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    SALCO FURNITURE CO.

    , INC
    CASH BUDGET FOR THE 4 MONTHS ENDED APRIL 30, 2012
    JANUARY FEBRUARY MARCH APRIL
    CASH RECEIPTS 58,400 53,000 66,000 81,500
    CASH DISBURSEMENTS 58,000 56,500 74,600 50,500
    NET MONTHLY CHANGE 400 (3,500) (8,600) 31,000
    PLUS BEG. CASH BALANCE 10,000 10,400 10,000 10,000
    LESS: INTEREST ON SHORT TERM BORROWING 31 117
    ENDING CASH BALANCE BEF. BORROWING 10,400 6,900 1,369 40,883
    FINANCING NEEDED - 3,100 8,631 (11,731)
    ENDING CASH BALANCE 10,400 10,000 10,000 29,152
    CUMULATIVE BORROWING 3,100 11,731 -
    * interest is 1% of cumulative borrowing of the
    preceding period
    minimum cash balance is P10,000

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