FIN427--Assignment 1--problem 20-2

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FIN427--Corporate Finance II …

FIN427--Corporate Finance II
Assignment 1--problem20-2 from Intermediate Financial Management By Eugene F. Brigham & Louis C. Gapinsky
Fifth Edition Dryden Press, 1996

For Mr. Mahmudul Haq's class

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  • 1. FIN427 Mahmudul Haq Samiya Yesmin 11304043 Assignment 1: P 20-2: Susan's Fashion Designs: Cash Budget for July to December Sales Purchases Collections $ $ $ July 360,000 126,000 198,000 $ $ $ $ 90,000 27,000 9,000 2,700 August $ 540,000 $ 882,000 $ 351,000 September $ 720,000 $ 306,000 $ 531,000 October $ 360,000 $ 234,000 $ 657,000 November $ 360,000 $ 162,000 $ 414,000 December $ 90,000 $ 90,000 $ 333,000 $ $ $ $ $ $ $ $ $ $ $ $ $ 306,000 27,000 9,000 2,700 $ $ $ $ 234,000 27,000 9,000 2,700 $ $ $ $ $ 162,000 27,000 9,000 2,700 63,000 180,000 524,700 $ 272,700 $ 263,700 132,300 (65,100) 67,200 90,000 (22,800) $ $ $ $ $ 141,300 67,200 208,500 90,000 118,500 $ $ $ $ $ 69,300 208,500 277,800 90,000 187,800 Payments Payments on Purchases Salaries Rent Misc. Taxes Pre-paid Expense Total Payments $ 128,700 $ 164,700 $ 983,700 $ $ Net Cash Flow Beginning Cash Ending Cash Target Cash Surplus/ Deficit $ $ $ $ $ 69,300 132,000 201,300 90,000 111,300 $ $ $ $ $ 186,300 201,300 387,600 90,000 297,600 $ $ $ $ $ (452,700) 387,600 (65,100) 90,000 (155,100) $ $ $ $ $ 126,000 27,000 9,000 2,700 882,000 27,000 9,000 2,700 63,000