Good cash management is impossible without an analysis of the cash collections and cash disbursements of a company. Cash budgets provide a gauge for determining credit, disbursement, and discount policies. Cash budgets are effective control devices for monitoring cash and determining financing requirements.
Cash budgets are essential to all small businesses. In this assignment, you are required to do the following:
You are also required to prepare a 3-page analysis of the results of your cash budget.
Middletown Construction, Inc. has estimated the following sales forecast over the next 12 months (they close in the winter):
The company also gathered the following collection estimates regarding the forecast sales:
Payments for raw materials and labor costs are paid the month after the purchase and are estimated as follows:
Additional financial information is as follows:
To receive full credit on this assignment, please show all work, including formulas and calculations used to arrive at the financial values.
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