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  • Herbal Care Corp Cash Budget For The Third Quarter: Month

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    Oyon Nur newaz
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    The document shows the cash budget for Herbal Care Corp for the third quarter, with cash inflows from collections and outflows for purchases, salaries, advertising, rent, and equipment. Total cash expenditures exceeded total cash available in July and August, but the company borrowed $40,000 in July to cover the deficiency, and had to repay $40,000 plus $1,200 in interest in September, leaving an ending cash balance of $14,800.

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    The document shows the cash budget for Herbal Care Corp for the third quarter, with cash inflows from collections and outflows for purchases, salaries, advertising, rent, and equipment. Total cash expenditures exceeded total cash available in July and August, but the company borrowed $40,000 in July to cover the deficiency, and had to repay $40,000 plus $1,200 in interest in September, leaving an ending cash balance of $14,800.

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    33 views2 pages

    Herbal Care Corp Cash Budget For The Third Quarter: Month

    Uploaded by

    Oyon Nur newaz
    The document shows the cash budget for Herbal Care Corp for the third quarter, with cash inflows from collections and outflows for purchases, salaries, advertising, rent, and equipment. Total cash expenditures exceeded total cash available in July and August, but the company borrowed $40,000 in July to cover the deficiency, and had to repay $40,000 plus $1,200 in interest in September, leaving an ending cash balance of $14,800.

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    © All Rights Reserved
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    of 2

    Herbal Care Corp

    Cash Budget
    For the third quarter
    Month
    Particulers July Auguest September Quarter
    Beginning Cash Balance 44500 28000 23000 44500
    (+)Cash Inflows - CIFs
    Cash Collection 317500 439000 512000 1268500
    Total Cash Avaliable 362000 467000 535000 1313000
    (-)Cash Outflows - COFs
    Merchandies Purchase 180000 240000 350000 770000
    Salary and wages 45000 50000 40000 135000
    Advertising 130000 145000 80000 355000
    Rent payment 9000 9000 9000 27000
    Equipment Costing 10000 0 0 10000
    Total Cash Expenditures 374000 444000 479000 1297000
    Deficiency -12000 23000 56000 16000
    Financing sector
    Borrowing 40000 0 0 40000
    Repayments 0 0 -40000 -40000
    Interest (40000 X 12%) = 4800 , 4800/12= 400, 400x3= 1200 0 0 -1200 -1200
    Total Financing 40000 0 -41200 -1200
    Ending Cash Balance 28000 23000 14800 14800
    Name: Mst. Shefte Azad
    ID: 20-43576-1
    Section: E

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