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Using the Cash Budget below for the ToysRCash Inc., how could differnt Accounts Payable and Accounts Receivable terms change this credit for better or worse,
Using the Cash Budget below for the ToysRCash Inc., how could differnt Accounts Payable and Accounts Receivable terms change this credit for better or worse, provide details.
| 2018 Cash Flow | Total | ||||||||||||
| January | Febuary | March | April | May | June | July | August | September | October | November | December | ||
| COH previous month | $ 147,000.00 | $ 151,500.00 | $ 105,250.00 | $ 79,150.00 | $ 74,449.00 | $ 11,865.94 | $ (25,572.10) | $ (58,106.43) | $ 82,407.18 | $ 100,000.00 | $ 100,000.00 | $ 199,972.06 | |
| added LP | $ 20,850.00 | $ 25,551.00 | $ 88,134.06 | $ 125,572.10 | $ 158,106.43 | $ 17,592.82 | |||||||
| Beging COH | $ 147,000.00 | $ 151,500.00 | $ 105,250.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 199,972.06 | |
| Expected Sales | $ 10,000.00 | $ 11,000.00 | $ 13,000.00 | $ 11,000.00 | $ 250,000.00 | $ 350,000.00 | $ 450,000.00 | $ 500,000.00 | $ 365,000.00 | $ 14,000.00 | $ 13,000.00 | $ 13,000.00 | $ 2,000,000.00 |
| Collections 30 & 90 | $ 30,000.00 | $ 6,500.00 | $ 7,150.00 | $ 8,450.00 | $ 7,150.00 | $ - | $ - | $ 162,500.00 | $ 227,500.00 | $ 292,500.00 | $ 325,000.00 | $ 237,250.00 | |
| Gross profit for month | $ 33,500.00 | $ 10,350.00 | $ 11,700.00 | $ 12,300.00 | $ 94,650.00 | $ 122,500.00 | $ 157,500.00 | $ 337,500.00 | $ 355,250.00 | $ 297,400.00 | $ 329,550.00 | $ 241,800.00 | |
| COGS | $ 3,000.00 | $ 3,300.00 | $ 3,900.00 | $ 3,300.00 | $ 75,000.00 | $ 105,000.00 | $ 135,000.00 | $ 150,000.00 | $ 109,500.00 | $ 4,200.00 | $ 3,900.00 | $ 3,900.00 | $ 600,000.00 |
| Labor | $ 3,000.00 | $ 3,300.00 | $ 3,900.00 | $ 3,300.00 | $ 75,000.00 | $ 105,000.00 | $ 135,000.00 | $ 150,000.00 | $ 109,500.00 | $ 4,200.00 | $ 3,900.00 | $ 3,900.00 | $ 600,000.00 |
| Operating Expenses | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 20,000.00 | $ 240,000.00 |
| Fixed Asset Purchase | $ 30,000.00 | $ 30,000.00 | |||||||||||
| PP | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 10,000.00 | $ 100,000.00 | ||
| Interest on ST | $ 1,251.00 | $ 2,784.06 | $ 8,072.10 | $ 15,606.43 | $ 25,092.82 | $ 26,148.38 | $ 21,342.29 | $ 7,082.82 | $ 107,379.91 | ||||
| Pay Back on ST | $ 80,101.62 | $ 237,657.71 | $ 118,047.08 | ||||||||||
| Total of Expenses | $ 26,000.00 | $ 56,600.00 | $ 37,800.00 | $ 37,851.00 | $ 182,784.06 | $ 248,072.10 | $ 315,606.43 | $ 355,092.82 | $ 355,250.00 | $ 297,400.00 | $ 162,929.90 | $ 37,800.00 | |
| Before Taxes | $ 7,500.00 | $ (46,250.00) | $ (26,100.00) | $ (25,551.00) | $ (88,134.06) | $ (125,572.10) | $ (158,106.43) | $ (17,592.82) | $ (0.00) | $ 0.00 | $ 166,620.10 | $ 204,000.00 | |
| Tax paid | $ 3,000.00 | $ (0.00) | $ 0.00 | $ 66,648.04 | $ 81,600.00 | ||||||||
| Net Profit | $ 4,500.00 | $ (46,250.00) | $ (26,100.00) | $ (25,551.00) | $ (88,134.06) | $ (125,572.10) | $ (158,106.43) | $ (17,592.82) | $ (0.00) | $ 0.00 | $ 99,972.06 | $ 122,400.00 | |
| Ending Cash | $ 151,500.00 | $ 105,250.00 | $ 79,150.00 | $ 74,449.00 | $ 11,865.94 | $ (25,572.10) | $ (58,106.43) | $ 82,407.18 | $ 100,000.00 | $ 100,000.00 | $ 199,972.06 | $ 322,372.06 | |
| Minimum ending Cash | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | $ 100,000.00 | |
| Over/Short | $ 51,500.00 | $ 5,250.00 | $ (20,850.00) | $ (25,551.00) | $ (88,134.06) | $ (125,572.10) | $ (158,106.43) | $ (17,592.82) | $ (0.00) | $ (0.00) | $ 99,972.06 | $ 222,372.06 | |
| Cummulative ST | $ 20,850.00 | $ 46,401.00 | $ 134,535.06 | $ 260,107.16 | $ 418,213.59 | $ 435,806.41 | |||||||
| $ 355,704.79 | $ 118,047.08 | ||||||||||||
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
