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    Cash Budget Question 2 & 3

    Uploaded by

    NUR FATIN FISAL
    The document provides a cash budget for Sunway Cooperation for the second quarter of 2021 and for Wadinba Bhd for the third quarter of 2022. It shows expected cash receipts from sales and cash disbursements from purchases, wages, rent, and other expenses. It then calculates the net cash flow and reconciles the cash balance each month to ensure sufficient funds are available.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Cash Budget Question 2 & 3

    Uploaded by

    NUR FATIN FISAL
    45 views5 pages
    The document provides a cash budget for Sunway Cooperation for the second quarter of 2021 and for Wadinba Bhd for the third quarter of 2022. It shows expected cash receipts from sales and cash disbursements from purchases, wages, rent, and other expenses. It then calculates the net cash flow and reconciles the cash balance each month to ensure sufficient funds are available.

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    © © All Rights Reserved

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    The document provides a cash budget for Sunway Cooperation for the second quarter of 2021 and for Wadinba Bhd for the third quarter of 2022. It shows expected cash receipts from sales and cash disbursements from purchases, wages, rent, and other expenses. It then calculates the net cash flow and reconciles the cash balance each month to ensure sufficient funds are available.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    45 views5 pages

    Cash Budget Question 2 & 3

    Uploaded by

    NUR FATIN FISAL
    The document provides a cash budget for Sunway Cooperation for the second quarter of 2021 and for Wadinba Bhd for the third quarter of 2022. It shows expected cash receipts from sales and cash disbursements from purchases, wages, rent, and other expenses. It then calculates the net cash flow and reconciles the cash balance each month to ensure sufficient funds are available.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Feb Mar Apr May

    500,000 650,000 300,000 360,000

    Feb Mar Apr May


    1) Cash Sales 15% current 75,000 97,500 45,000 54,000
    Credit Sales 85% 425,000 552,500 255,000 306,000
    35% 1month 148,750 193,375 89,250
    65% 2month 276,250 359,125
    Total 500,000 798,750 769,625 808,375

    2)
    Feb Mar Apr May
    Purchase 50% 1month advance 250,000 325,000 150,000
    Equally 2months 50% 125,000 162,500
    after purchase 50% 125,000
    Total - 250,000 450,000 437,500

    3)
    Feb Mar Apr May
    Salary & wages 10% current 50,000 65,000 30,000 36,000

    4)
    Feb Mar Apr May
    Rental Fixed 1,000 1,000 1,000 1,000
    Insurance Fixed 1,600 1,600 1,600 1,600

    5)
    Feb Mar Apr May
    Machine - - - 200,000

    6)
    Feb Mar Apr May
    Taxation - - - -

    7) Opening Balance April 100,000


    Minimum Cash = 18,000
    Jun Jul Aug
    400,000 420,000 460,000

    Jun Jul Aug


    60,000 63,000 69,000
    340,000 357,000 391,000
    107,100 119,000 124,950
    165,750 198,900 221,000
    672,850 737,900 805,950

    Jun Jul Aug


    180,000 200,000 210,000
    75,000 90,000
    162,500 75,000 90,000
    417,500 365,000 300,000

    Jun Jul Aug


    40,000 42,000 46,000

    Jun Jul Aug


    1,000 1,000 1,000
    1,600 1,600 1,600

    Jun Jul Aug


    - - -

    Jun Jul Aug


    20,000 - -
    SUNWAY COOPERATION : CASH BUDGET FOR SECOND QUARTER 2021
    APRIL MAY JUNE
    1. RECEIPTS

    TOTAL SALES :

    CASH SALES (15%) 45,000 54,000 60,000


    TOTAL CREDIT SALES (85%) :
    CREDIT SALES (35%) 193,375 89,250 107,100
    CREDIT SALES (65%) 276,250 359,125 165,750

    TOTAL CASH RECEIPT 514,625 502,375 332,850

    2. DISBURSEMENTS

    PURCHASES OF MATERIAL (50%) :

    CREDIT PURCHASES 1MONTH (50%) 125,000 162,500 75,000


    CREDIT PURCHASES 2MONTH (50%) - 125,000 162,500
    SALARIES & WAGES 30,000 36,000 40,000
    RENT 1,000 1,000 1,000
    INSURANCE 1,600 1,600 1,600
    MACHINE 200,000
    TAXATION 20,000

    TOTAL CASH DISBURSEMENT 157,600 526,100 300,100

    3 NET CASH FLOW 357,025 (23,725) 32,750

    4 CASH RECONCILIATION

    NET CASH FLOW 357,025 (23,725) 32,750


    LESS INTEREST ON BORROWING - - -
    PLUS BEGINNING CASH BALANCE 100,000 457,025 433,300
    ENDING CASH BALANCE 457,025 433,300 466,050
    LESS CASH REQUIREMENTS (19,000) (19,000) (19,000)
    EXCESS 438,025 414,300 447,050
    July August September
    86,000 95,000 99,000

    1) Cash Sales 20% current 17,200 19,000 19,800


    Credit Sales 80% 68,800 76,000 79,200
    70% 1month 43,680 48,160 53,200
    25% 2month 18,600 15,600 15,600
    5% Uncollectable 3,440 3,800 3,960

    2)
    July August September
    Purchase 60% 2month advance 55,800 46,800 51,600
    Cash Purchase 55% current 30,690 25,740 28,380
    Credit Purchase 25% 1month 12,750 13,950 11,700
    20% 2month - 10,200 11,160

    3)
    July August September
    Computer 5,000 - -

    4)
    July August September
    Rental Fixed 3,000 3,000 3,000

    5)
    July August September
    Taxation - - 4,000

    6)
    July August September
    Other exp 3% 2,580 2,850 2,970
    Labor exp 1% 860 950 990

    7) Opening Balance June 20,000


    Minimum Cash = 15,000

    8) Cost of borrowing = 10%


    WADINDA BHD : CASH BUDGET FOR THIRD QUARTER 2022
    JULY AUG SEPT
    1. RECEIPTS

    TOTAL SALES :

    CASH SALES (20%) 17,200 19,000 19,800


    TOTAL CREDIT SALES (80%) :
    CREDIT SALES (70%) 43,680 48,160 53,200
    CREDIT SALES (25%) 18,600 15,600 15,600

    TOTAL CASH RECEIPT 79,480 82,760 88,600

    2. DISBURSEMENTS

    PURCHASES OF MATERIAL (60%) :


    CASH PURCHASE (55%) 30,690 25,740 28,380
    CREDIT PURCHASES 1MONTH (25%) 12,750 13,950 11,700
    CREDIT PURCHASES 2MONTH (20%) - 10,200 11,160
    COMPUTER 5,000 - -
    RENT 3,000 3,000 3,000
    TAXATION - - 4,000
    OTHER EXPENDITURE 2,580 2,850 2,970
    LABOR EXPENDITURE 860 950 990

    TOTAL CASH DISBURSEMENT 54,880 56,690 62,200

    3. NET CASH FLOW 24,600 26,070 26,400

    4 CASH RECONCILIATION

    NET CASH FLOW 24,600 26,070 26,400


    LESS INTEREST ON BORROWING - - -
    PLUS BEGINNING CASH BALANCE 20,000 44,600 70,670
    ENDING CASH BALANCE 44,600 70,670 97,070
    LESS CASH REQUIREMENTS (15,000) (15,000) (15,000)
    EXCESS 29,600 55,670 82,070

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