Downloadable MBA Solution
Buy this solution and download mba assignment solution instantly after secured paypal payment.
Question: Prepare Cash Budget for April-Oct. 2017 from the information relating to Shah Agencies, a trading concern:-
Balance Sheet as on 31st March, 2017
The other expenses per month are: Rent Rs. 1,000, Depreciation Rs. 1,000, Misc. Expenses Rs. 500 and Commission 1% of sales.
Of the sales, 80% is on credit and 20%
for cash. 70% of the credit sales are collected in one month and the balance in two months. Debtors on March 31, 2017 represent Rs. 6,000 in respect of sales of February and Rs. 20,000 in respect of sales of March. There are no debt losses. Gross profit on sales on an average is 30%. Purchases equal to the next month’s sales are made every month and they are paid during the month in which they are made. The firm maintains a minimum cash balance of Rs. 10,000. Cash deficiencies are made up bank loans which are repaid at the earliest available opportunity and cash in excess of Rs. 15,000 is invested in securities
(Interest on bank loans and securities is to be ignored). Outstanding liabilities remain unchanged.
Complete MBA Assignments Solution
You can buy complete assignment solution. Visit yours university link from top menu and buy online. You can also post your assignment requirement through email, so our expert assignments tutor will solved your problem.