The whole exercise is just one, so its connected

you must have a minimum balance of $ 8,000 in cash. If you need a loan it must be in increments of $ 1,000 at the beginning of each month up to a maximum of $ 20,000. The interest rate is 1% monthly at 2 months and the loan and interest are paid next month.

Specific instructions: Study the required resources of the module and particularly the illustrative exercise 16.1 to perform this exercise. Read carefully the financial and operational data of the JKL Corporation offered below and use them to prepare the budget for: Collections for sales for the quarter (10 points) Purchases for the quarter (10 points) Disbursements on purchases for the quarter (10 points) . Disbursements of administrative and sales expenses for the quarter (10 points) Financial and operational data of Corporacin JKL The JKL Corporation is dedicated to the business of buying and selling and is designing its master budget for the next quarter of operations from April to June of 20xx. The data collected and necessary to work with such a budget are the following: A. Certain data from the State s TATE (Balance Sheet) on March 31, 20 xx: DI $ 20,000 Cash Accounts receivable 64,000 Inventory 15,400 Buildings and equipment (net depreciation) 225,000 $ 23,400 Debts to pay Long term debts 90,000 Common Shares - Capital 150,000 Retained earnings 61,000 $324,400 Totals $ 324,400 B. The expected and projected sales for several months of 20xx are: m arzo (real) $ 8.000 to bril $64.000 mavo $ 63.000 junio $77.000 julio $55,000 C. Other important data: 1- Monthly sales are 20% in cash and 80% on credit. Credit sales of the previous month are charged in full in the following month (therefore, what is in accounts receivable at the end of March is 80% of March sales). 2. The gross profit margin generated by the corporation in its sales is 33 %. 3. The final inventory of each month is equal to 25% of the budgeted cost of sales for the next month. 4-40% of monthly merchandise purchases are paid in the month of purchase and the remainder in the month following the purchase. 5. The expected monthly expenses are: salaries, $ 8,500: advertising, S 4100 monthly and residual expenses (excluding depreciation) account for 8% of sales. It assumes that these expenses are paid every month (nothing is due at the end of the month). 6- The depreciation expense is $ 10,000 for the quarter and includes the portion that corresponds to the assets acquired during the period. 7 Acquired cash machine: $ 26,000 in April and $ 16,000 in May 20 xx. 8- The management wishes to maintain a minimum cash balance at the end of each month of $ 10,000. Rectangular Snip 9. When the company needs money, it can borrow from a local bank in increments of $1,000 at the beginning of each month up to a loan limit of $ 20,000. The interest rate that the bank charges on these loans is 1% per month and interest is paid next month (we assume that it is not compound interest and that each loan is made at the end of the month). The company paid dividends $ 2 900 June. April mavo June total Initial Cash Balance Cash receipts Cash available Less disbursements: Purchases Administrative and administrative expenses sales Purchase of equipment Dividends Total disbursements Excess (deficiency) of cash Financing: Loan Loan payments Interests Financing Final effective balance You must present completely all that is required. 1. Status of proforma situation as of June 30, 20xx. (10 points) 2. Proforma income and expense statement for the quarter ended June 30, 20xx. (10 points) 3. Statement of proforma cash flows for the quarter ended June 30, 20xx. (15 points) Then, complete the following table of financial analysis rates. Show the calculation to get each rate. (36 points) June 20xx (1 point) Calculation (2 points) Financial rates (ratios) 1- Reason current (current ratio) 2- Reason acid (Acid-test ratio) 3- Rotation of receivables ( accounts receivable turn-over) 4- average collection period (average collection period) 5- Inventory rotation inventory turn-over) 6- average sales period average sales period 7- Debt Assets 8- Debt/Shareholder Capital (debt-equity ratio) 9. Interest coverage (times interest earned ratio 10- Margin Gross gross margin percentage ) 11-Net margin 12- Return on investment (ROI: return on investment) You must present completely all that is required. Specific instructions: Study the required resources of the module and particularly the illustrative exercise 16.1 to perform this exercise. Read carefully the financial and operational data of the JKL Corporation offered below and use them to prepare the budget for: Collections for sales for the quarter (10 points) Purchases for the quarter (10 points) Disbursements on purchases for the quarter (10 points) . Disbursements of administrative and sales expenses for the quarter (10 points) Financial and operational data of Corporacin JKL The JKL Corporation is dedicated to the business of buying and selling and is designing its master budget for the next quarter of operations from April to June of 20xx. The data collected and necessary to work with such a budget are the following: A. Certain data from the State s TATE (Balance Sheet) on March 31, 20 xx: DI $ 20,000 Cash Accounts receivable 64,000 Inventory 15,400 Buildings and equipment (net depreciation) 225,000 $ 23,400 Debts to pay Long term debts 90,000 Common Shares - Capital 150,000 Retained earnings 61,000 $324,400 Totals $ 324,400 B. The expected and projected sales for several months of 20xx are: m arzo (real) $ 8.000 to bril $64.000 mavo $ 63.000 junio $77.000 julio $55,000 C. Other important data: 1- Monthly sales are 20% in cash and 80% on credit. Credit sales of the previous month are charged in full in the following month (therefore, what is in accounts receivable at the end of March is 80% of March sales). 2. The gross profit margin generated by the corporation in its sales is 33 %. 3. The final inventory of each month is equal to 25% of the budgeted cost of sales for the next month. 4-40% of monthly merchandise purchases are paid in the month of purchase and the remainder in the month following the purchase. 5. The expected monthly expenses are: salaries, $ 8,500: advertising, S 4100 monthly and residual expenses (excluding depreciation) account for 8% of sales. It assumes that these expenses are paid every month (nothing is due at the end of the month). 6- The depreciation expense is $ 10,000 for the quarter and includes the portion that corresponds to the assets acquired during the period. 7 Acquired cash machine: $ 26,000 in April and $ 16,000 in May 20 xx. 8- The management wishes to maintain a minimum cash balance at the end of each month of $ 10,000. Rectangular Snip 9. When the company needs money, it can borrow from a local bank in increments of $1,000 at the beginning of each month up to a loan limit of $ 20,000. The interest rate that the bank charges on these loans is 1% per month and interest is paid next month (we assume that it is not compound interest and that each loan is made at the end of the month). The company paid dividends $ 2 900 June. April mavo June total Initial Cash Balance Cash receipts Cash available Less disbursements: Purchases Administrative and administrative expenses sales Purchase of equipment Dividends Total disbursements Excess (deficiency) of cash Financing: Loan Loan payments Interests Financing Final effective balance You must present completely all that is required. 1. Status of proforma situation as of June 30, 20xx. (10 points) 2. Proforma income and expense statement for the quarter ended June 30, 20xx. (10 points) 3. Statement of proforma cash flows for the quarter ended June 30, 20xx. (15 points) Then, complete the following table of financial analysis rates. Show the calculation to get each rate. (36 points) June 20xx (1 point) Calculation (2 points) Financial rates (ratios) 1- Reason current (current ratio) 2- Reason acid (Acid-test ratio) 3- Rotation of receivables ( accounts receivable turn-over) 4- average collection period (average collection period) 5- Inventory rotation inventory turn-over) 6- average sales period average sales period 7- Debt Assets 8- Debt/Shareholder Capital (debt-equity ratio) 9. Interest coverage (times interest earned ratio 10- Margin Gross gross margin percentage ) 11-Net margin 12- Return on investment (ROI: return on investment) You must present completely all that is required