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Teradyne Corp has the following Sales amount from May 2016 to Jan 2017 in thousands (K) US$. The company was able to hit the Sales
Teradyne Corp has the following Sales amount from May 2016 to Jan 2017 in thousands (K) US$. The company was able to hit the Sales target for the 2nd half at US$ 20,000 K. May 2016 June 2016 July 2016 Aug 2016 Sept 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 3000K 3500K 3125K 3250K 3300K 3400K 3120K 3805K 3125K Collections during the month of Sale are 10%, 60% during the 1st month after Sale and 30% during the 2nd month after Sale. No Bad Debts were incurred during the period. Discount on the collections during the month of Sale is 3%. Purchases are 60% of next month Sales. Payment for the Purchases will be after 2 months of purchase. Lease payment will be 20K per month. Depreciation will be 200K per month. Wages and Salaries will be 10% of present month Sales. Other expenses will be 12% of present month Sales. Miscellaneous expenses will be 5% of present month Sales. Taxes will be paid at the end of every quarter amounting to US$ 500K per quarter. There will be payment for Plant construction on November amounting to 2,000 KUS$. Prepare a cash Budget for the months of July
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