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Administrative salaries 2 1 , 0 0 0 Interest on bonds 1 5 , 0 0 0 Property taxes - Sales commissions 4 , 4
Administrative salaries
Interest on bonds
Property taxes
Sales commissions
Total CDs for Other Expenses $
Total Cash Disbursements $ $ $
Summary Cash Budget
x
January February March Quarter
Cash Receipts $
Cash Disbursements
Change in cash due to operations $
Proceeds from sale of
marketable securities
Proceeds from bank loan
Purchase of equipment
Repayment of bank loan $ $
Interest on bank loan
Payment of dividends
Change in cash balance during Quarter
Cash balance, January x
Cash balance, March x
Analysis of shortterm financing needs:
Projected cash balance at December x $
Less: Required minimum cash balance
Cash Available for equipment purchase
Proceeds from sale of marketable securities
Cash available
Less: Cost of equipment
Required shortterm borrowing $
Observer Company
Budgeted Income Statement
For the First Quarter x
Sales Revenue
Less: Cost of Goods Sold
Gross Margin
Less: Selling & Administrative Expenses:
Sales salaries
Sales commissions
Advertising & promotion
Administrative salaries
Depreciation
Interest on bonds
Interest on shortterm loan
Property taxes
Total S & A Expenses $
Net Income $
Observer Company
Budgeted Balance Sheet
x
Assets:
Cash
Accounts Receivable
Inventory
Building & Equipment net of accumulated depreciation
Total Assets
Liabilities and Stockholder's Equity:
Accounts payable
Bond interest payable
Property taxes payable
Bonds payable due in x
Common Stock
Retained Earnings
Total Liabilities & Stockhoder's Equity $
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