You have just been contracted as a budget consultant by lbj company,

You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country. The company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.

 

You have decided to prepare a cash budget for the upcoming fourth quarter in order to show management the benefits that can be gained from proper cash planning.  You have worked with accounting and other areas to gather the information assembled below.

 

The company sells many styles of bracelets, but all are sold for the same $10 price.  Actual sales of bracelets for the last three months and budgeted sales for the next six months follow:

 

July (actual)20,000

August (actual)26,000

September (actual)  40,000        

October (budget)      70,000

November (budget)   110,000

December (budget)   60,000

January (budget)       30,000

February (budget)      28,000

March (budget)             25,000

 

The concentration of sales in the fourth quarter is due to the Christmas holiday. Sufficient inventory should be on hand at           ………………………………… AND SO ON …………………………………………….

 

 

 

 

 

REQUIRED:

 

1.  Prepare a cash budget for the three-month period ending December 31. Include the following detailed budgets:

     a. A sales budget, by month and in total.

     b. A schedule of expected cash collections from sales, by month and in total.

     c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.

     d. A schedule of expected cash disbursements for merchandise purchases, by month and in total.

 

2.  A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $50,000.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency