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I NEED FULL CALCULATIONS ! ! HOW DO YOU GET THE NUMBERS FOR THE CASH BUDGET. FORMULAS INCLUDED! FULL BREAK DOWN OF THE NUMBERS !
I NEED FULL CALCULATIONS HOW DO YOU GET THE NUMBERS FOR THE CASH BUDGET. FORMULAS INCLUDED! FULL BREAK DOWN OF THE NUMBERS STEP BY STEP NOT JUST THE ANWSERS. The board of directors of the Cortez Beach Yacht Club CBYC is developing plans to acquire more equipment for lessons and rentals and to expand club facilities. The board plans to purchase about $ of new equipment each year and wants to begin a fund to purchase a $ piece of property for club expansion. : The club manger is concerned about the club's capability to purchase equipment and expand its facilities. One club member has agreed to help prepare the following financial statements and help the manager ascertain whether the plans are realistic. Additional information follows the financial statements. Additional Information Other financial information as of October year : Page a Cash in checking account, $ b Petty cash, $ c Outstanding mortgage balance, $ d Accounts payable for supplies and utilities unpaid as of October year and due in November, year $ The club purchased $ worth of sailing equipment during the current fiscal year ending October year Cash of $ was paid on delivery, with the balanee due on October which had not been paid as of October year The club began operations in year in rental quarters. In October, year it purchased its current property land and building for $ paying $ down and agreeing to pay $ plus percent interest annually on the previously unpaid loan balance each November starting November year Membership rose percent during year approximately the same annual rate of increase the club has experienced since it opened and that is expected to continue in the future. Membership fees were increased by percent in year The board has tentative plans to increase them by percent in year Lesson and class fees have not been increased for three years. The number of classes and lessons has grown significantly each year; the percentage growth exporienced in year is expected to be repeated in year Miscellaneous revenues are expected to grow in year over year at the same percentage as experienced in year over year Lesson and class employees' wages and benefits will increase to $ The wages and benefits of regular employees and the manager will increase percent. Equipment depreciation and supplies, utilities, and miscellaneous expenses are expected to increase percent. Required a Construct a cash budget for year for Cortez Beach Yacht Club. b Identify any operating problem s that this budget discloses for CBYC Explain your answer. c Is the manager's concern that the board's goals are unrealistic justified? Explain your answer. Please show the formulas used to calculate the cash budget FULL DETAILS
I NEED FULL CALCULATIONS HOW DO YOU GET THE NUMBERS FOR THE CASH BUDGET. FORMULAS INCLUDED! FULL BREAK DOWN OF THE NUMBERS STEP BY STEP NOT JUST THE ANWSERS.
The board of directors of the Cortez Beach Yacht Club CBYC is developing plans to acquire more equipment for lessons and rentals and to expand club facilities. The board plans to purchase about $ of new equipment each year and wants to begin a fund to purchase a $ piece of property for club expansion. : The club manger is concerned about the club's capability to purchase equipment and expand its facilities. One club member has agreed to help prepare the following financial statements and help the manager ascertain whether the plans are realistic. Additional information follows the financial statements.
Additional Information Other financial information as of October year : Page a Cash in checking account, $ b Petty cash, $ c Outstanding mortgage balance, $ d Accounts payable for supplies and utilities unpaid as of October year and due in November, year $ The club purchased $ worth of sailing equipment during the current fiscal year ending October year Cash of $ was paid on delivery, with the balanee due on October which had not been paid as of October year The club began operations in year in rental quarters. In October, year it purchased its current property land and building for $ paying $ down and agreeing to pay $ plus percent interest annually on the previously unpaid loan balance each November starting November year Membership rose percent during year approximately the same annual rate of increase the club has experienced since it opened and that is expected to continue in the future. Membership fees were increased by percent in year The board has tentative plans to increase them by percent in year Lesson and class fees have not been increased for three years. The number of classes and lessons has grown significantly each year; the percentage growth exporienced in year is expected to be repeated in year Miscellaneous revenues are expected to grow in year over year at the same percentage as experienced in year over year Lesson and class employees' wages and benefits will increase to $ The wages and benefits of regular employees and the manager will increase percent. Equipment depreciation and supplies, utilities, and miscellaneous expenses are expected to increase percent. Required a Construct a cash budget for year for Cortez Beach Yacht Club. b Identify any operating problem s that this budget discloses for CBYC Explain your answer. c Is the manager's concern that the board's goals are unrealistic justified? Explain your answer.
Please show the formulas used to calculate the cash budget FULL DETAILS
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