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3. PART 3- HARD COPY DUE 11/07/2018 At Class time- Using the corrected answer from part 2. a. Construct a schedule of cash payments for
3. PART 3- HARD COPY DUE 11/07/2018 At Class time- Using the corrected answer from part 2. a. Construct a schedule of cash payments for each month and the year. b. Construct a budgeted income statement for each month and the year. c. Construct a complete cash budget for each month and the year including borrowing and repayment on the bank line of credit. Assume the company can borrow on the first day of the month and will repay on the last day of the month. Construct a budgeted Statement of Retained Earnings for January. Construct a budgeted balance sheet as for each month and the year. Analyze what you learned from preparing these projections specifically address: d. e. f. i. ii. Cash flow before financing and what caused the monthly differences. The cause of the difference between projected cash flow before financing and projected after tax earnings. 3. PART 3- HARD COPY DUE 11/07/2018 At Class time- Using the corrected answer from part 2. a. Construct a schedule of cash payments for each month and the year. b. Construct a budgeted income statement for each month and the year. c. Construct a complete cash budget for each month and the year including borrowing and repayment on the bank line of credit. Assume the company can borrow on the first day of the month and will repay on the last day of the month. Construct a budgeted Statement of Retained Earnings for January. Construct a budgeted balance sheet as for each month and the year. Analyze what you learned from preparing these projections specifically address: d. e. f. i. ii. Cash flow before financing and what caused the monthly differences. The cause of the difference between projected cash flow before financing and projected after tax earnings
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