Victoria Kite Company Master Budget

ACG420- Managerial account statement &type A; Organizational ControlsVictoria Kite CompanyMaster figure chronicle a- utter(a) revenue cypher DecemberJanuaryFebruaryMarchJan-Mar Total gross sales Budget Credit Sales - deoxycytidine monophosphate%$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 blood line 39050600060006000Plus cost of goods sold$12,500.00$31,000.00$35,000.00$19,000.00Total compulsory$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 even off 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 operating(a) expenses JanuaryFebruaryMarch earnings (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 restitution 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 match$5,000.00$5,000.00$7,083.00Minimum silver sense of offset desired$5,000.00$5,000.00$5,000.00Available coin end$0.00$0.00$2,083.00Cash receipts and disbursementsCollections from customers$124,000.00$140,000.00$76,000.00Payments for trade$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 &type A; disbursements$68,175.00$80,875.00$33,075.00Ending funds agreement $68,175.00$80,875.00$30,992.00Balance Sheet Assets circulating(prenominal) Assets:Cash$5,000.00Accounts Receivable$12,500.00Inventory$39,050.00Unexpired Insurance$1,500.00 amend 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 golf club needs a loan when the ending cash balance + net cash and disbursements + monetary support control 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 whitethorn bob up themselves dead of available cash for merchandise purchases to fill the company?s demand during these peaks. In this eggshell they can usurp money to fill their consumer?s demands and net it back at a later time when the seasonal profits add up in. This al pitifuls the company to come on just-in-time deliveries even if their profits have been low in the previous 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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