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Budget pro forma excel

21/04/2021 Client: muhammad11 Deadline: 2 Day

Cash Budget Sales for Blue Bill Corporation are projected as follows for the months of June through November: June July August September October November $200,000 200,000 200,000 300,000 500,000 200,000 Credit sales account for 70% of the monthy sales and are collected one month after the sale. Other receipts for October are $50,000. Variable disbursements are 60% of sales each month. Fixed disbursements are $10,000 each month. $80,000 should be included in August for taxes. The company is obligated to make a $400,000 debt repayment in November. Beginning cash in June is $50,000. Desired ending cash each month is $10,000. Complete the monthly cash budget for Blue Bill Corporation for June through November. Blue Bill Corporation Cash Budget Sales Cash sales Collections Other Receipts Total cash receipts Variable disbursements Fixed disbursements Other disbursements Total cash disbursements June $200,000 60,000 - July $200,000 60,000 140,000 August September $200,000 $300,000 60,000 90,000 140,000 140,000 60,000 200,000 200,000 230,000 120,000 10,000 120,000 10,000 180,000 10,000 130,000 130,000 120,000 10,000 80,000 210,000 190,000 Net change during the month (70,000) 70,000 (10,000) 40,000 Beginning cash Ending cash Required cash Excess cash to invest Cash borrowed 50,000 (20,000) 10,000 (20,000) 50,000 10,000 40,000 50,000 40,000 10,000 30,000 40,000 80,000 10,000 70,000 30,000 hrough November: after the sale. ough November. October November $500,000 $200,000 These amounts were given 150,000 60,000 The cash sales are 30% of monthly sales because they tell us that credit sa 210,000 350,000 Leave the collections amount blank for June. Collections are credit sales. T 50,000 They tell us Other Receipts for October are $50,000. No other receipts for t 410,000 410,000 Add the totals of cash sales, collections, and other receipts. Do not include 300,000 10,000 310,000 100,000 80,000 180,000 10,000 170,000 120,000 10,000 400,000 530,000 They tell us Variable disbursements are 60% of sales each month They tell us Fixed disbursements are $10,000 each month They paid $80,000 in taxes for August and $400,000 debt repayment in No Add all of the disbursements (120,000) Subtract the Total Cash Disbursements from the Total Cash Receipts 180,000 60,000 10,000 50,000 Beginning cash in June is $50,000. Then use the Ending Cash amount as th Net change during the month amount plus Beginning Cash They tell us Desired Cash is $10,000 so use this amount for each month Ending Cash minus Required Cash Cash borrowed would be negative B42 plus B43 for June only. Leave the o ons are credit sales. They tell us that Credit Sales(Collections) are 70% of monthly sales starting in July. For C y sales starting in July. For Collections you do not start collecting until after the first month so the first $140,0 irst month so the first $140,000 would not be until July. So leave the Collections amount for June blank. Then amount for June blank. Then you would take 70% of Sales from the previous month for each Collection amoun th for each Collection amount. For instance, your Collection amount for September would be $140,000 which i r would be $140,000 which is 70% of the $200,000 Sales amount for August. Then for the collection amount f en for the collection amount for October would be $210,000 which is 70% of the Sales amount from Septembe Sales amount from September. And so on..... Pro Forma Income Statement and Balance Sheet Below is the income statement and balance sheet for Blue Bill Corporation for 2013. Based on the historical sta additional information provided, construct the firm's pro forma income statement and balance sheet for 2014.

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