LS2497: Prepare a Cash Budget for Sager Corporation Ltd. for a period of six months commencing April, 2001 from the following information:

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Question: Prepare a Cash Budget for Sager Corporation Ltd. for a period of six months commencing April, 2001 from the following information:

1. Cost and Prices remain unchanged and firm maintains a minimum cash balance of Rs. 4,00,000 for which bank overheads may be availed. If required.

2. Cash Sales are 25% of the total sales and balance 75% will be credit sales. 60% of credit sales are collected in the month following the sales, balance 30% and 10% in the two following month thereafter. No bad debts are anticipated.

Sales forecasts are as follows:

3. Gross Profit Margin 20%

4. Anticipated Purchases and Wages for 2001 are as follows:

5. Quarterly interest payable Rs. 30,000: Rent payable Rs. 8,000 per month.

6. Capital expenditure expected in September is Rs.1,20,000.

 


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