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PROJECT 1 - Excel Template

Student Name:

Anthony Antonicello

SALES BUDGET:
Budgeted unit sales
Selling price per unit
Total sales

October November December Quarter


70,000
110,000
60,000
240,000
10
10
###
700,000 1,100,000 600,000 2,400,000

SCHEDULE OF EXPECTED CASH COLLECTIONS:


October November December Quarter
August sales
26,000
26,000
September sales
280,000
40,000
320,000
October sales
130,000
455,000
65,000
650,000
November sales
200,000 700,000
900,000
December sales
100,000
100,000
Total cash collections
436,000
695,000 865,000 1,996,000

MERCHANDISE PURCHASES BUDGET:


October November December
Budgeted unit sales
65,000
100,000
50,000
Add desired ending inventory
40,000
20,000
12,000
Total needs
105,000
120,000
62,000
Less beginning inventory
26,000
40,000
20,000
Required purchases
79,000
80,000
42,000
4
4
###
Cost of purchases @ $4 per unit
316,000
320,000 168,000

Quarter
215,000
12,000
227,000
26,000
201,000
4
804,000

BUDGETED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES:


October November December Quarter
September purchases
100,000
100,000
October purchases
158,000
158,000
316,000
November purchases
160,000
###
320,000
December purchases
84,000
84,000
Total cash payments
258,000
318,000 244,000
820,000

LBJ COMPANY
CASH BUDGET
FOR THE 3 MONTHS ENDING DECEMBER 31
October November December Quarter
74,000
50,000
###
74,000
Cash balance
436,000
695,000 865,000 1,996,000
Add collections from customers
Total cash available
510,000
745,000 915,000 2,070,000

Less disbursements
Merchandise purchases
Advertising
Rent
Salaries
Commissions
Utilities
Equipment purchases
Dividends paid
Total disbursements
Excess (deficiency) of receipts
over disbursements
Financing:
Borrowings
Repayments
Interest
Total financing
Cash balance, ending

258,000
200,000
18,000
106,000
26,000
7,000

318,000
200,000
18,000
106,000
40,000
7,000
16,000

15,000
630,000

705,000

(120,000)

40,000

244,000
###
###
###
20,000
###
40,000

820,000
600,000
54,000
318,000
86,000
21,000
56,000
15,000
635,000 1,970,000
280,000

100,000

170,000

10,000

170,000

180,000
5,300
10,000 (185,300)

180,000
180,000
5,300
(5,300)

50,000

50,000

94,700

94,700