ANGEL MERCHANDISE

Cash Budget
For the Month Ended January 31, 2019

January 01, 2019, Beginning Cash Balance 80,000.00

Add: Cash Sales (Schedule 1) 120,000.00
Collection of Accounts Receivable (Schedule 2) 167,400.00 287,400.00
Estimated Cash Available 367,400.00
Less: Estimated Cash Disbursements
Payment of 2018 Payables (Schedule 3) 30,400.00
Payment of Purchases (Schedule 4) 152,000.00
Payment of Operating Expenses 60,000.00 242,400.00
January 31, 2019, Ending Cash Balance 125,000.00

Schedule 1 - Cash Sales

January 2019
(300,000 x 40%) 120,000.00

Schedule 2 - Collection of Accounts Receivable

December 2018 (250,000x60%)x18% 27,000.00
January 2019 (300,000x60%)x78% 140,400.00
167,400.00

Schedule 3 - Payment of 2018 Payables

December 2018 (160,000x20%)x95% 30,400.00

Schedule 4 - Payment of Purchases

January 2019 (200,000x80%)x95% 152,000.00
 ANGEL MERCHANDISE
Cash Budget
For the Month Ended February 31, 2019

February 01, 2019, Beginning Cash Balance 125,000.00

Add: Cash Sales (Schedule 1) 152,000.00
Collection of Accounts Receivable (Schedule 2) 210,240.00 362,240.00
Estimated Cash Available 487,240.00
Less: Estimated Cash Disbursements
Payment of January Payables (Schedule 3) 38,000.00
Payment of Purchases (Schedule 4) 182,400.00
Downpayment of Equipment (Schedule 5) 90,000.00
Payment of Operating Expenses 70,000.00 380,400.00
February 28, 2019, Ending Cash Balance 106,840.00

Schedule 1 - Cash Sales

February 2019
(380,000 x 40%) 152,000.00

Schedule 2 - Collection of Accounts Receivable

January 2019 (300,000x60%)x18% 32,400.00
February 2019 (380,000x60%)x78% 177,840.00
210,240.00

Schedule 3 - Payment of January Payables

January 2019 (200,000x20%)x95% 38,000.00

Schedule 4 - Payment of Purchases

February 2019 (240,000x80%)x95% 182,400.00

Schedule 5 - Downpayment of Equipment

(150,000x60%) 90,000.00
 ANGEL MERCHANDISE
Cash Budget
For the Month Ended March 31, 2019

March 01, 2019, Beginning Cash Balance 106,840.00

Add: Cash Sales (Schedule 1) 180,000.00
Collection of Accounts Receivable (Schedule 2) 251,640.00 431,640.00
Estimated Cash Available 538,480.00
Less: Estimated Cash Disbursements
Payment of February Payables (Schedule 3) 45,600.00
Payment of Purchases (Schedule 4) 288,800.00
Full Payment of Equipment (Schedule 5) 60,000.00
Payment of Operating Expenses 95,000.00 489,400.00
March 31, 2019, Ending Cash Balance 49,080.00

Schedule 1 - Cash Sales

March 2019
(450,000 x 40%) 180,000.00

Schedule 2 - Collection of Accounts Receivable

February 2019 (380,000x60%)x18% 41,040.00
March 2019 (450,000x60%)x78% 210,600.00
251,640.00

Schedule 3 - Payment of February Payables

February 2019 (240,000x20%)x95% 45,600.00

Schedule 4 - Payment of Purchases

March 2019 (380,000x80%)x95% 288,800.00

Schedule 5 - Full Payment of Equipment

(150,000x40%) 60,000.00