Help building a Cash Budget with provide attached information.Â
The O’Brien Vineyards makes and sells an awarding Pinot Noir. Each Bo±le of Pinot Noir sells for $24 and has a unit variable cost of $14. Put together a Cash Budget.  Maintains a 12% (1% per month) open line of credit for $75,000.00  Maintains a minimum cash balance of $20,000.00  Borrows on the Frst day of the month and repays loans last day of the next month (for example, if you were to borrow for July, which is really to meet August 1 beginning balance, you would repay end of September. You have use of the funds for 2 full months).  Pays a cash dividend of $10,000.00 in July.  Purchased $38,000.00 of oak barrels in August and $48,400.00 of oak barrels in September both purchases of equipment paid for in cash.  Cash balance at July 1 st is $22,500.00 Summarized budget informa²on: July August September Beginning Cash $22,500.00 Cash Collec²ons $70,000.00 $88,000.00 $129,650.00 Total Cash Available $92,500.00 Cash Disbursements Materials $18,000.00 $19,500.00 $17,700.00 Direct Labor $8,000.00 $9,200.00 $8,500.00 MOH $24,000.00 $27,000.00 $25,000.00 Selling and Admin $18,000.00 $19,300.00 $18,850.00 Equipment Purchase $0.00 $38,000.00 $48,400.00 Dividend $10,000.00 Total Disbursements Excess (DeFciency) ³inancing Borrowing Repayments Interest Total ³inancing Ending Cash Balance
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Posted 19 Dec 2017 03:12 PM
My Price 10.00
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