16 Jul Finance Management
Sheet1
| CYRUS BROWN MANUFACTURING COMPANY FINANCIAL DATA FOR BEGINNING MARCH/ ENDING NOVEMBER | ||||||||||
| SALES MO. | ESTIMATED SALES MONTH OF SALE 25% MONTH AFTER SALE 55% 2ND MONTH AFTER SALE 20% | |||||||||
| MARCH | 100,000 | 100,000 | X .25 = | 25,000 | 100,000 | X .55 = | 55,000 | 100,000 | X .20 = | 20,000 |
| APRIL | 275,000 | 275,000 | X .25 = | 68,750 | 275,000 | X .55 = | 151,250 | 275,000 | X .20 = | 55,000 |
| MAY | 320,000 | 320,000 | X .25 = | 80,000 | 320,000 | X .55 = | 176,000 | 320,000 | X .20 = | 64,000 |
| JUNE | 450,000 | 450,000 | X .25 = | 112,500 | 450,000 | X .55 = | 247,500 | 450,000 | X .20 = | 90,000 |
| JULY | 700,000 | 700,000 | X .25 = | 175,000 | 700,000 | X .55 = | 385,000 | 700,000 | X .20 = | 140,000 |
| AUG. | 700,000 | 700,000 | X .25 = | 175,000 | 700,000 | X .55 = | 385,000 | 700,000 | X .20 = | 140,000 |
| SEPT. | 825,000 | 825,000 | X .25 = | 206,250 | 825,000 | X .55 = | 453,750 | 825,000 | X .20 = | 165,000 |
| OCT. | 500,000 | 500,000 | X .25 = | 125,000 | 500,000 | X .55 = | 275,000 | 500,000 | X .20 = | 100,000 |
| NOV. | 115,000 | 115,000 | X .25 = | 28,750 | 115,000 | X .55 = | 63,250 | 115,000 | X .20 = | 23,000 |
| CYRUS BROWN MANUFACTURING COMPANY MONTHLY CASH BUDGET BEGINNING MARCH/ENDING NOVEMBER | ||||||||||
| MARCH | APRIL | |||||||||
| ASSETS | ASSETS | March Balance | $30,000 | |||||||
| Cash on hand | $50,000 | Cash on hand | $50,000 | |||||||
| Month Sales | $25,000 | Month Sales | $68,750 | |||||||
| Total Assets | $75,000 | March Collections | $55,000 | |||||||
| LIABILITIES | Total Assets | $203,750 | ||||||||
| Salaries | ($35,000) | LIABILITIES | ||||||||
| Lease | ($15,000) | Direct Costs | ($187,500) | |||||||
| Misc. | ($10,000) | Salaries | ($35,000) | |||||||
| Total Liabilities | ($60,000) | Lease | ($15,000) | |||||||
| NON-ASSETS | Misc. | ($10,000) | ||||||||
| Depreciation Exp. | $15,000 | Total Liabilities | ($247,500) | |||||||
| Total Non-Assets | $15,000 | NON-ASSETS | ||||||||
| CASH BUDGET TOTAL MARCH | $30,000 | Depreciation Exp. | $15,000 | |||||||
| Total Non-Assets | $15,000 | |||||||||
| CASH BUDGET TOTAL APRIL | ($28,750) | |||||||||
| MAY | JUNE | |||||||||
| ASSETS | April Balance | ($28,750) | ASSETS | May Balance | $20,750 | |||||
| Cash on hand | $50,000 | Cash on hand | $50,000 | |||||||
| Month Sales | $80,000 | Month Sales | $112,500 | |||||||
| April Collections | $151,250 | May Collections | $176,000 | |||||||
| March Collections | $20,000 | April Collections | $55,000 | |||||||
| Total Assets | $272,500 | Total Assets | $414,250 | |||||||
| LIABILITIES | LIABILITIES | |||||||||
| Direct Costs | ($206,250) | Direct Costs | ($375,000) | |||||||
| Salaries | ($35,000) | Salaries | ($35,000) | |||||||
| Lease | ($15,000) | Lease | ($15,000) | |||||||
| Misc. | ($10,000) | Misc. | ($10,000) | |||||||
| Total Liabilities | ($266,250) | Building Purchase | ($95,000) | |||||||
| NON-ASSETS | Tax Payment | ($55,000) | ||||||||
| Depreciation Exp. | $15,000 | Total Liabilities | ($585,000) | |||||||
| Total Non-Assets | $15,000 | NON-ASSETS | ||||||||
| CASH BUDGET TOTAL MAY | $20,750 | Depreciation Exp. | $15,000 | |||||||
| Total Non-Assets | $15,000 | |||||||||
| CASH BUDGET TOTAL JUNE | ($155,750) | |||||||||
| JULY | AUGUST | |||||||||
| ASSETS | June Balance | ($155,750) | ASSETS | July Balance | ($1,750) | |||||
| Cash on hand | $50,000 | Cash on hand | $50,000 | |||||||
| Month Sales | $175,000 | Month Sales | $175,000 | |||||||
| June Collections | $247,500 | July Collections | $385,000 | |||||||
| May Collections | $64,000 | June Collections | $90,000 | |||||||
| Total Assets | $380,750 | Total Assets | $698,250 | |||||||
| LIABILITIES | LIABILITIES | |||||||||
| Direct Costs | ($337,500) | Direct Costs | ($431,250) | |||||||
| Salaries | ($35,000) | Salaries | ($35,000) | |||||||
| Lease | ($15,000) | Lease | ($15,000) | |||||||
| Misc. | ($10,000) | Misc. | ($10,000) | |||||||
| Total Liabilities | ($397,500) | Total Liabilities | ($491,250) | |||||||
| NON-ASSETS | NON-ASSETS | |||||||||
| Depreciation Exp | $15,000 | Depreciation Exp. | $15,000 | |||||||
| Total Non-Assets | $15,000 | Total Non-Assets | $15,000 | |||||||
| CASH BUDGET TOTAL JULY | ($1,750) | CASH BUDGET TOTAL AUGUST | $222,000 | |||||||
| SEPTEMBER | OCTOBER | |||||||||
| ASSETS | August Balance | $222,000 | ASSETS | September Balance | $263,250 | |||||
| Cash on hand | $50,000 | Cash on hand | $50,000 | |||||||
| Month Sales | $206,250 | Month Sales | $125,000 | |||||||
| August Collections | $385,000 | Sept. Collections | $453,750 | |||||||
| July Collections | 140,000 | August Collections | $140,000 | |||||||
| Total Assets | $1,003,250 | Total Assets | $1,032,000 | |||||||
| LIABILITIES | LIABILITIES | |||||||||
| Direct Costs | ($640,000) | Direct Costs | ($395,000) | |||||||
| Salaries | ($35,000) | Salaries | ($35,000) | |||||||
| Lease | ($15,000) | Lease | ($15,000) | |||||||
| Misc. | ($10,000) | Misc. | ($10,000) | |||||||
| Tax Payment | ($55,000) | Total Liabilities | ($455,000) | |||||||
| Total Liabilities | ($755,000) | NON-ASSETS | ||||||||
| NON-ASSETS | Depreciation Exp. | $15,000 | ||||||||
| Depreciation Exp. | $15,000 | Total Non-Assets | $15,000 | |||||||
| Total Non-Assets | $15,000 | CASH BUDGET TOTAL OCTOBER | $592,000 | |||||||
| CASH BUDGET TOTAL SEPTEMBER | $263,250 | |||||||||
| NOVEMBER | DECEMBER | |||||||||
| ASSETS | October Balance | $592,000 | REMAINING AMOUNTS | |||||||
| Cash on hand | $50,000 | November Collections | 63,250 | |||||||
| Month Sales | $28,750 | October Collections | $100,000 | |||||||
| October Collections | $275,000 | Remaining Total | $163,250 | |||||||
| Sept. Collections | $165,000 | |||||||||
| Total Assets | $1,110,750 | JANUARY | ||||||||
| LIABILITIES | REMAINING AMOUNTS | |||||||||
| Direct Costs | ($425,000) | November Collections | $23,000 | |||||||
| Salaries | ($35,000) | Remaining Total | $23,000 | |||||||
| Lease | ($15,000) | |||||||||
| Misc. | ($10,000) | Collections Amount | $186,250 | |||||||
| Total Liabilities | ($485,000) | |||||||||
| NON-ASSETS | ||||||||||
| Depreciation Exp. | $15,000 | |||||||||
| Total Liabilities | $15,000 | |||||||||
| CASH BUDGET TOTAL NOVEMBER | $640,750 |
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