Answer Posted / raghavendra
THIS IS RAGHAVENDRA IAM CAME FROM NOW PANJAGUTTA FOR INTERVIEW
ACTUVALLY IAM BELONGS TO THE EAST GODAVARI DIST AMALAPURAM
MY BORN BOTUP IN MY HOME TOWN AMALAPURAM
NEXT MY FAMILY BACK ROUND MY FATHER VISWESWARARAO GARU HE
IS THE CLOTH NMURCHENT AND MY MOTHER SIVAPUTRI SHE IS HOUSE
MAKER AND I HAVE THE ELDER BROTHER ELDER SISTER THEY GOT
MARRIED
NEXT MY EDUCATION BACKROUND IS I HAD COMPLETED MY MASTER OF
BUSINESS ADMINISTRATION 2007 WITH AGREEGATE OF 65% AND AS
WELL AS BEFORE I HAD COMPLETED MY BCOM COMPUTERS DEGREE
2003 WITH AGREEGATE OF 56% AND PRESENTILY IAM PURSUING THE
MASTER OF FINANCE MANAGMENT AND
NEXT COMING TO MY WORK EXPERIANCE WHEN I STUDYING MBA I WAS
SELECTED IN INDIA INFOLINE SECURITIES JOB THROUGH CAMPUS
PLACEMENT SO THAT I WAS CONTINUED AND GAIN THE EXPERIANCE 6
MONTHS N THAT FIELD THAT JOB IS PUREILY MARKETING &TRADING
RELATED AND ALSO REALLY I HAVE TO SO MUCH INTRESTED ON
FINANCIAL SIDE SO FOR THAT I HAVE TO CHOOSE THE FINANCE
SPECIALIZATION IN MBA
| Is This Answer Correct ? | 6 Yes | 21 No |
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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.
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