Answers
Solution b:
| Bombs Away Video games Corporation | ||||||||||||
| Cash Receipts Schedule | ||||||||||||
| January | February | March | April | May | June | July | August | September | October | November | December | |
| Sales | $99,000 | $92,000 | $24,000 | $24,000 | $19,000 | $34,000 | $44,000 | $44,000 | $54,000 | $84,000 | $1,04,000 | $1,22,000 |
| Cash Receipts: | ||||||||||||
| Cash Sales (20% of sales) | $19,800 | $18,400 | $4,800 | $4,800 | $3,800 | $6,800 | $8,800 | $8,800 | $10,800 | $16,800 | $20,800 | $24,400 |
| Prior Month's credit sales (80% of prior month sales) | $80,000 | $79,200 | $73,600 | $19,200 | $19,200 | $15,200 | $27,200 | $35,200 | $35,200 | $43,200 | $67,200 | $83,200 |
| Total Cash Receipts | $99,800 | $97,600 | $78,400 | $24,000 | $23,000 | $22,000 | $36,000 | $44,000 | $46,000 | $60,000 | $88,000 | $1,07,600 |
| Bombs Away Video games Corporation | ||||||||||||
| Cash Payments Schedule | ||||||||||||
| January | February | March | April | May | June | July | August | September | October | November | December | |
| Production costs (12400*$2) | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 | $24,800 |
| Other Cash Payments | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 |
| Total Cash Payments | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 | $68,800 |
| Bombs Away Video games Corporation | ||||||||||||
| Cash Budget | ||||||||||||
| January | February | March | April | May | June | July | August | September | October | November | December | |
| Beginning Cash | $5,000 | $36,000 | $64,800 | $74,400 | $29,600 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Net Cash Flow | $31,000 | $28,800 | $9,600 | -$44,800 | -$45,800 | -$46,800 | -$32,800 | -$24,800 | -$22,800 | -$8,800 | $19,200 | $38,800 |
| Cumulative Cash Balance | $36,000 | $64,800 | $74,400 | $29,600 | -$16,200 | -$41,800 | -$27,800 | -$19,800 | -$17,800 | -$3,800 | $24,200 | $43,800 |
| Monthly loan or (repayment) | $0 | $0 | $0 | $0 | $21,200 | $46,800 | $32,800 | $24,800 | $22,800 | $8,800 | -$19,200 | -$38,800 |
| Ending Cash Balance | $36,000 | $64,800 | $74,400 | $29,600 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Cumulative loan balance | $0 | $0 | $0 | $0 | $21,200 | $68,000 | $1,00,800 | $1,25,600 | $1,48,400 | $1,57,200 | $1,38,000 | $99,200 |
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