From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

4259

What is a deferred tax asset?

619

in order to modify the configuration of an enterprise application, through which components can the system admin make modification using wsadmin?

949

How is super key different from a candidate key?

948

how can I know the status of the service tax filing of my organisation when I don't have any details except St number. I want to know till what date the returns are filed etc as I have recently joined.

2155

There is currently a list of predefined auto cash rules, however I am wanting to know if you can customise and create a cash rule to specifically target an aging bucket i.e. 30 days

1372

What is type II hypersensitivity?

611

How can a company invite public deposits through advertisements?

1095

Please explain is it possible to use com component in php?

1054

What is your platform’s default character encoding?

1141

Explain how much salt is in the human body?

951

In order to appeal to customers on mobile devices, explain the important?

253

What is your greatest concern about investment banking right now?

1916

whether there is only one c&f agent in one state orelse many?

1962

Enter the roll number of a student and get his marks from a database file called MARKS. Use an ASP code for the same

2459