Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Cash Budget
For the Three Months Ending Novembre 30
September October November
Estimated cash receipts from:
Cash sales 25,000 30,000 31,500
Collections of accounts receivable 228,000 229,500 256,500
Total cash receipts 253,000 259,500 288,000
Less estimated cash payments for:
Manufacturing costs 120,000 124,000 134,000
Selling and administrative expenses 42,000 48,000 51,000
Capital expeditures 200,000
Other purposes:
Income tax 55,000
Dividends 25,000
Total cash payments 162,000 227,000 410,000
Cash increase (decrease) 91,000 32,500 122,000
Cash balance at beginning of month 40,000 131,000 163,500
Plus cash balance at end of month 131,000 163,500 41,500
Less minimum cash balance -50,000 -50,000 -50,000
Excess (deficiency) 81,000 113,500 8,500
On the basis of the cash budget prepared in part (1), what recommendation should be made to the controller?