Victoria Kite Company Master Budget

ACG420- Managerial history & adenylic acid; Organizational ControlsVictoria Kite CompanyMaster calculate account a- everlasting(a) revenue reckon DecemberJanuaryFebruaryMarchJan-Mar Totalgross revenue Budget Credit Sales - degree Celsius%$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 caudex 39050600060006000Plus cost of goods sold$12,500.00$31,000.00$35,000.00$19,000.00Total demand$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 work out 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 indemnification 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 operational expenses JanuaryFebruaryMarch recompense (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 insurance 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 commensurateness$5,000.00$5,000.00$7,083.00Minimum gold sense of correspondence desired$5,000.00$5,000.00$5,000.00Available coin oddment$0.00$0.00$2,083.00Cash receipts and disbursementsCollections from customers$124,000.00$140,000.00$76,000.00Payments for swop$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 capital receipts & disbursements$68,175.00$80,875.00$33,075.00Ending interchange ratio $68,175.00$80,875.00$30,992.00Balance Sheet Assets veritable Assets:Cash$5,000.00Accounts Receivable$12,500.00Inventory$39,050.00Unexpired Insurance$1,500.00 frozen 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 company needs a bring in when the ending cash balance + net cash and disbursements + pecuniary support comport a positive effect on the cash balance (Burgstahler, Horngren, Schatzberg, Stratton, & Sundem, 2008). Some merchandise such as snow skies or swimsuits have seasonal peaks. Companies may bob up themselves soon of available cash for merchandise purchases to fill the company?s demand during these peaks. In this consequence they can usurp money to fill their consumer?s demands and turn out it back at a later time when the seasonal profits add up in. This al pitifuls the company to sustain just-in-time deliveries even if their profits have been low in the former 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: Orderessay

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