LS2495: From the following data, prepare a Cash Budget for Alpha Company Ltd…for the period January to June.

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Question: From the following data, prepare a Cash Budget for Alpha Company Ltd…for the period January to June.

Relevant figures for November and December of the previous year are as follows:

The company is required to make the following payments during this half year:

•Fixed expenses of Rs. -1500 per month.

•Preference Dividend Rs. -1400 in June

•Corporation Tax Rs. 8000 in January.

•Payment under a building contract: – Rs. 5000 in March and Rs. 6000 in May

The terms on which goods are sold are net in the month following delivery. Variable Cost are payable in the month following that in which they are incurred, 50% are subjected to 2 1/4 % discount and the balance are net. It is found that 75% of debtors to whom sales are made pay within the period of credit, and the remainder do not pay until the following month. The company pays all its accounts promptly.

 


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