Question
Pro Forma Cash Budget- D escribe the impact of the budget on cash balances. 2020-21 2021-22 2022-23 2023-24 2024-25 Sales $2,42,079.50 $2,44,500.30 $2,46,945.30 $2,49,414.75 $2,51,908.90
- Pro Forma Cash Budget- Describe the impact of the budget on cash balances.
| 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 | |
| Sales | $2,42,079.50 | $2,44,500.30 | $2,46,945.30 | $2,49,414.75 | $2,51,908.90 |
| Cost | $1,44,215.00 | $1,45,055.00 | $1,46,095.00 | $1,47,187.50 | $1,48,335.13 |
| $97,864.50 | $99,445.30 | $1,00,850.30 | $1,02,227.25 | $1,03,573.77 |
Pro Forma Balance Sheets
|
| 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Assets | $10,450.00 | $10,450.00 | $10,450.00 | $10,450.00 | $10,450.00 |
| Less: Accrued Depreciation | $1,010.00 | $2,020.00 | $3,030.00 | $4,040.00 | $5,050.00 |
|
| $9,440.00 | $8,430.00 | $7,420.00 | $6,410.00 | $5,400.00 |
| Cash | $52,320.75 | $1,27,914.72 | $2,04,462.44 | $2,82,042.88 | $3,60,633.21 |
|
| $61,760.75 | $1,36,344.72 | $2,11,882.44 | $2,88,452.88 | $3,66,033.21 |
| Liabilities |
|
|
| ||
| Loan | $10,450.00 | $10,450.00 | $10,350.00 | $10,250.00 | $10,150.00 |
| Retained Earnings | $51,310.75 | $1,25,894.72 | $2,01,532.44 | $2,78,202.88 | $3,55,883.21 |
|
| $61,760.75 | $1,36,344.72 | $2,11,882.44 | $2,88,452.88 | $3,66,033.21 |
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
