Rosey's Roses Cash Budget Prior Year 1 2 3 Operating activitie

Question

Question # 00155664 Posted By: kimwood Updated on: 12/19/2015 12:09 PM Due on: 01/18/2016

Subject Accounting Topic Accounting Tutorials:

Question

Rosey's Roses
Cash Budget	Prior Year	1	2	3

Operating activities
Operating cash receipts
Product sales revenue	150,000
Collections in the year of sale	127,500
Collections in the year following sale	16,000
Operating cash receipts	143,500
Operating cash payments
Purchases
Cost of expected sales	90,000
Required ending inventory	20,700
Beginning inventory	(18,000)
Purchases	92,700
Payments in the year of purchase	83,430
Payments in the year following purchase	6,000
Cash payments for purchases	89,430
Expenses
Advertising expense	15,000
Interest expense	-
Wages expense	20,000
Supplies expense	1,000
Utilities expense	3,300
Expenses	39,300
Operating cash payments	128,730
Cash from (to) operating activities	14,770
Investing activities
Equipment purchases
Equipment sales
Cash from (to) investing activities
Financing activities
Loan proceeds
Loan payments
Cash from (to) financing activities
Change in cash	14,770
Beginning cash	5,430
Ending cash	20,200

Assumptions
Sales growth each year
Expense growth each year
Collections in the year of sale
Collections in the year following sale
Payments in the year of purchase
Payments in the year following purchase
Cost of expected sales
Required ending inventory
Beginning inventory
Interest expense
Loan proceeds
Annual loan payment
Annual equipment purchases
Annual equipment sales
Year 1 equipment purchase

Tutorials for this Question

Get the Solution

Great! We have found the solution of this question!

score 3 · Accepted Answer · 12/19/2015 12:09 PM

Solution: Rosey's Roses Cash Budget Prior Year 1 2 3 Operating activitie

Tutorial # 00150206 Posted By: kimwood Posted on: 12/19/2015 12:09 PM

Puchased By: 3

Tutorial Preview

- Wages expense 20,000 Supplies expense 1,000 Utilities ...

Attachments

SOLN.ZIP (18.96 KB)