FIN427--Corporate Finance II Assignment 1--problem20-2 from Intermediate Financial Management By Eugene F. Brigham & Louis C. Gapinsky Fifth Edition Dryden Press, 1996 For Mr. Mahmudul Haq's class

1. FIN427
Mahmudul Haq
Samiya Yesmin 11304043
Assignment 1:
P 20-2: Susan's Fashion Designs: Cash Budget for July to December
Sales
Purchases
Collections
$
$
$
July
360,000
126,000
198,000
$
$
$
$
90,000
27,000
9,000
2,700
August
$
540,000
$
882,000
$
351,000
September
$
720,000
$
306,000
$
531,000
October
$ 360,000
$ 234,000
$ 657,000
November
$
360,000
$
162,000
$
414,000
December
$
90,000
$
90,000
$
333,000
$
$
$
$
$
$
$
$
$
$
$
$
$
306,000
27,000
9,000
2,700
$
$
$
$
234,000
27,000
9,000
2,700
$
$
$
$
$
162,000
27,000
9,000
2,700
63,000
180,000
524,700
$
272,700
$
263,700
132,300
(65,100)
67,200
90,000
(22,800)
$
$
$
$
$
141,300
67,200
208,500
90,000
118,500
$
$
$
$
$
69,300
208,500
277,800
90,000
187,800
Payments
Payments on Purchases
Salaries
Rent
Misc.
Taxes
Pre-paid Expense
Total Payments
$
128,700
$
164,700
$
983,700
$
$
Net Cash Flow
Beginning Cash
Ending Cash
Target Cash
Surplus/ Deficit
$
$
$
$
$
69,300
132,000
201,300
90,000
111,300
$
$
$
$
$
186,300
201,300
387,600
90,000
297,600
$
$
$
$
$
(452,700)
387,600
(65,100)
90,000
(155,100)
$
$
$
$
$
126,000
27,000
9,000
2,700
882,000
27,000
9,000
2,700
63,000