Victoria Kite Company Master Budget

ACG420- Managerial business relationship & deoxyadenosine monophosphate; Organizational ControlsVictoria Kite CompanyMaster compute roll a- unrefined revenue compute DecemberJanuaryFebruaryMarchJan-Mar Totalgross revenue Budget Credit Sales - ascorbic acid%$25,000.00$62,000.00$70,000.00$38,000.00$170,000.00Plus bullion Sales - 0 % Total Sales$25,000.00$62,000.00$70,000.00$38,000.00$170,000.00 Schedule b: Cash collections from customers DecemberJanuaryFebruaryMarch TotalCash Sales $25,000 $62,000 $70,000 $38,000 $170,000Collections from prior month$25,000 $62,000 $70,000 $38,000 $170,000Total Collections$50,000 $124,000 $140,000$76,000$340,000Schedule c- Purchases Budget DecemberJanuaryFebruaryMarchDesired final result stock certificate 39050600060006000Plus cost of goods sold$12,500.00$31,000.00$35,000.00$19,000.00Total inevitable$51,500.00$37,000.00$41,000.00$25,000.00Less beginning inventory$16,000.00$39,050.00$8,050.00$6,000.00Total purchases3555003295019000Schedule d - Cash disbursements for purchases NovemberDecemberJanuaryTotalFor October$35,550.00$35,550.00For November$0.00$0.00$0.00For December$32,950.00$32,950.00$65,900.00For January$19,000.00$19,000.00Total disbursements$35,550.00$32,950.00$51,950.00$120,450.00Schedule e: Operating depreciate budget JanuaryFebruary March recompense (fixed)$15,000.00$15,000.00$15,000.00Misc expenses$2,500.00$2,500.00$2,500.00Rent (fixed)$250.00$250.00$250.00Rent (variable, 10% of sales over 10,000)$5,200.00$6,000.00$2,800.00 remediation run out (fixed)$125.00$125.00$125.00Depreciation (fixed) $250.00$250.00$250.00Total$23,325.00$24,125.00$20,925.00Schedule f : Disbursements for operate expenses JanuaryFebruaryMarch hire (fixed)$15,000.00$15,000.00$15,000.00Cash dividends (quarterly fixed)$1,500.00Misc expenses$2,500.00$2,500.00$2,500.00Misc fixtures $3,000.00Rent (fixed)$250.00$250.00$250.00Rent (variable, 10% of sales of 10,000)$5,200.00$6,000.00$2,800.00 redress expired (fixed)$125.00$125.00$125.00Depreciation (fixed) $250.00$250.00$250.00Total disbursements $5,825.00$6,625.00$8,925.00Cash Budget JanuaryFebruaryMarchBeginning currency rest$5,000.00$5,000.00$7,083.00Minimum silver sense of brace desired$5,000.00$5,000.00$5,000.00Available coin symmetricalness$0.00$0.00$2,083.00Cash receipts and disbursementsCollections from customers$124,000.00$140,000.00$76,000.00Payments for sell$31,000.00$35,000.00$19,000.00Operating expenses$23,000.00$24,000.00$20,000.00Equipment purchases$0.00$0.00$3,000.00Dividends$1,500.00$0.00$0.00Net hard bills receipts & adenylic acid; disbursements$68,175.00$80,875.00$33,075.00Ending cash dimension $68,175.00$80,875.00$30,992.00Balance Sheet Assets up-to-the-minute Assets:Cash$5,000.00Accounts Receivable$12,500.00Inventory$39,050.00Unexpired Insurance$1,500.00 furbish up Assets, net$12,500.00$12,500.

00Total Current Assets$70,550.00Fixed Assets:Fixtures$3,000.00Total Fixed Assets:$3,000.00Total Assets73,550.00Liabilities Current Liabilities:Accounts Payable (merchandise)35,550.00Dividends Payable1,500.00Rent Payable7,800.00Accrued Wages Payable15,000.00Total Current Liabilities:59,850.00Total Liabilities59,850.00 Part IIThe fellowship needs a append when the ending cash balance + net cash and disbursements + monetary support run through a positive effect on the cash balance (Burgstahler, Horngren, Schatzberg, Stratton, & Sundem, 2008). Some merchandise such(prenominal) as snow skies or swimsuits have seasonal peaks. Companies may bob up themselves short circuit of available cash for merchandise purchases to fill the company?s demand during these peaks. In this slip of paper they can usurp money to fill their consumer?s demands and give it back at a later time when the seasonal profits add up in. This al pitifuls the company to nutrition just-in-time deliveries even if their profits have been low in the precedent seasons. ReferencesHorngren, Charles T., Sundem, Gary L., Stratton, William O., Burgstahler, David, Schatzberg, Jeff (2008). Introduction to Management Accounting (14th ed.). If you lack to get a full essay, order it on our website: Ordercustompaper.com

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