Dowling, Inc.
Cash Budget July through December 2015
Inflows:
Expected Gross Sales
May
1500
Sept
8000
During month 3/10,n/30
Expect 40% to take 3% discount
June
2600
Oct
6000
1 month lag
40%
July
3000
Nov
4000
2 month lag
20%
Aug
5000
Dec
6200
Purchases of Raw Material
Expected Gross Purchases
50% of next month’s sales
Cash Payment 1 month lag
Outflows:
Payment of Purchases of Raw Materials
last month’s purchases
Wages
7% of this months sales
Lease payments
12% of this months sales
Advertising Expense
10% of this months sales
Insurance
$500 in December
Other expenses
$150 in July, $200 in Aug, $350 in Nov
Taxes
$10000 in Sept; $4500 in Dec
Property acquisition
$1450 in Sept
Beginning/Target Cash Balance
$1,000
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