A.

Informations:

Collections for the month

Percentage of A/R collected within discount period:
Percentage of collections after deducting discount:
Collections by the end of the month
Percentage for collections made by the end of the month:
Collections by the end of second month
Percentage for collections made by the end of second month:

Cash Receipts from Accounts Receivable

2005

Sales :

Collections for the month

Collections by the end of the month
Collections by the end of second month
Cash Receipts from accounts receivable
 60%
97%

25%

9%

pts from Accounts Receivable

2005

₱ 357,000.00 ₱ 342,000.00 ₱ 360,000.00

May June July

₱ 211,266.00 ₱ 207,774.00 ₱ 199,044.00
90,750.00 89,250.00 85,500.00
31,860.00 32,670.00 32,130.00
₱ 333,876.00 ₱ 329,694.00 ₱ 316,674.00
Informations:
Paid purchases and expenses during the month 54%
Payment of the balance for the following month 46%

May
No. of Units 11,250.00
Multiply: Cost per Unit 20.00
Cost of Purchases 225,000.00

Cash disbursement on Accounts Payable

2005
May

Payments made for the month 121,500.00

Payments of the balance for the following month 108,928.00
Cash disbursement on accounts payable 230,428.00
 June July
12,180.00 12,260.00
20.00 20.00
243,600.00 245,200.00

n Accounts Payable
05
June July

131,544.00 132,408.00
103,500.00 112,056.00
235,044.00 244,464.00
 Informations:
Month's ending inventory from next month's sales

Units
May
Inventory, beg. 15,470
Add: Purchases 11,250
Less: Inventory, end 14,820
Cost of Sales 11,900

Purchases Inventory
2005
May
No. of Units 11,250.00
Multiply: Cost per Unit 20.00
Cost of Purchases 225,000.00
 130%

Units
June July August
14,820 15,600
12,180 12,260
15,600 15,860
11,400 12,000 12,200

hases Inventory
2005
June July
12,180.00 12,260.00
20.00 20.00
243,600.00 245,200.00
Information:
Payments made for the month
Paid purchases and expenses during the month
Payment of the balance for the following month
Payments of the balance for the following month
Selling, general and admin expenses of current month sales

Sales

Selling, general and admin expenses

Less: Depreciation Expense
Total selling, general and admin expenses

Cash Disbursement on Selling, General, and Administrative E

2005

Payments made for the month

Payments of the balance for the following month
Cash disbursement on accounts payable
 54%
46%

15%

₱ 357,000.00 ₱ 342,000.00 ₱ 360,000.00

May June July
53,550.00 51,300.00 54,000.00
2,000.00 2,000.00 2,000.00
₱ 51,550.00 ₱ 49,300.00 ₱ 52,000.00

eral, and Administrative Expenses

5

May June July

₱ 27,837.00 ₱ 26,622.00 ₱ 28,080.00

24,127.00 23,713.00 22,678.00
₱ 51,964.00 ₱ 50,335.00 ₱ 50,758.00
 Cash Budget
2005

May

Cash, beginning ₱ 5,500.00

Add: Cash receipts from accounts receivable 333,876.00
Less: Cash disbursement on accounts payable - 230,428.00
Cash disbursement on S, G, & A Exp. - 51,964.00
Cash, ending ₱ 56,984.00
udget
05

June July

₱ 56,984.00 ₱ 101,299.00
329,694.00 316,674.00
- 235,044.00 - 244,464.00
- 50,335.00 - 50,758.00
₱ 101,299.00 ₱ 122,751.00