From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
3751what is the weight of 8mm dia steel with 1 meter length. Is there any formula to calculate the weight for any given diameter
48 321803Post New D M Systems Interview Questions
How do I download fonts?
What are the risks of storing a hibernate-managed object in a cache? How do you overcome the problems?
how unidirectional torque is produced in DC motor?
What is the recommended approach for asp.net mvc to globally intercept exceptions? What other functionality can be implemented with the approach? : Asp.Net MVC
How do you traverse a btree in backward in-order?
Do you see any disadvantage of using scrum?
What is maximum size of arraylist in java?
Can grills cause problems?
What does session start do in php?
Is it possible to host wordpress using amazon web services?
What are the advantages of css?
how we implement share object repository in QTP 9.0 without using quality Centre , Explaine in brief
What is boxing and unboxing? Does it occure automaatically or you need to write code to box and unbox?
What is clang space engineers?
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?