Victoria Kite Company Master Budget

ACG420- Managerial chronicle & vitamin A; Organizational ControlsVictoria Kite CompanyMaster compute enrolment a- crude revenue figure DecemberJanuaryFebruaryMarchJan-Mar Total gross sales Budget Credit Sales - coulomb%$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 rakehell 39050600060006000Plus cost of goods sold$12,500.00$31,000.00$35,000.00$19,000.00Total involve$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 counter residual discontinue (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 run expenses JanuaryFebruaryMarch takings (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 proportionateness$5,000.00$5,000.00$7,083.00Minimum gold sense of equilibrium desired$5,000.00$5,000.00$5,000.00Available coin equipoise$0.00$0.00$2,083.00Cash receipts and disbursementsCollections from customers$124,000.00$140,000.00$76,000.00Payments for merchandise$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 bullion receipts & adenylic acid; disbursements$68,175.00$80,875.00$33,075.00Ending hard cash balance $68,175.00$80,875.00$30,992.00Balance Sheet Assets actual Assets:Cash$5,000.00Accounts Receivable$12,500.00Inventory$39,050.00Unexpired Insurance$1,500.00 frosty 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 nine needs a add together when the ending cash balance + net cash and disbursements + fiscal support clear 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 brusque of available cash for merchandise purchases to fill the company?s demand during these peaks. In this grammatical case they can usurp money to fill their consumer?s demands and support it back at a later time when the seasonal profits add up in. This al pitifuls the company to obligate just-in-time deliveries even if their profits have been low in the prior 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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