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    Management Accounting Online Assignment: Feb - Trisakti University

    Uploaded by

    Achmad Ridwan
    The document contains two problems providing data to prepare cash budgets. Problem 1 provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for January 2020 for CORONA Enterprise. Problem 2 similarly provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for May 2020 for ONLINE_LEARNING Corp. Students are instructed to use the data to prepare cash budgets for each company and period.

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    Management Accounting Online Assignment: Feb - Trisakti University

    Uploaded by

    Achmad Ridwan
    85 views2 pages
    The document contains two problems providing data to prepare cash budgets. Problem 1 provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for January 2020 for CORONA Enterprise. Problem 2 similarly provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for May 2020 for ONLINE_LEARNING Corp. Students are instructed to use the data to prepare cash budgets for each company and period.

    Original Description:

    Original Title

    LATIHAN CASH BUDGET

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    The document contains two problems providing data to prepare cash budgets. Problem 1 provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for January 2020 for CORONA Enterprise. Problem 2 similarly provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for May 2020 for ONLINE_LEARNING Corp. Students are instructed to use the data to prepare cash budgets for each company and period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    85 views2 pages

    Management Accounting Online Assignment: Feb - Trisakti University

    Uploaded by

    Achmad Ridwan
    The document contains two problems providing data to prepare cash budgets. Problem 1 provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for January 2020 for CORONA Enterprise. Problem 2 similarly provides data on cash balances, sales, collection patterns, inventory purchasing, operating expenses, asset sales, and capital expenditures to prepare a cash budget for May 2020 for ONLINE_LEARNING Corp. Students are instructed to use the data to prepare cash budgets for each company and period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    FEB – TRISAKTI UNIVERSITY

    MANAGEMENT ACCOUNTING
    ONLINE ASSIGNMENT

    PROBLEM 1

    At 31 December 2019, CORONA Enterprise. already prepared cash flow schedule for January 2020. Data
    concerning preparation of cash budget are as follows:

    a. Ending cash balance of December 2019 is: $ 16.300


    b. Collection pattern of account receivable is:
    45% in the month of sales
    30% one moth after month of sales
    25% two month after month of sales

    c. Actual and expected sales data are follow:


    October 2019 $ 30,500
    November 2019 40,100
    December 2019 45,600
    January 2020 68,290
    Average 20% of sales are cash sales and the remaining are credit sales.

    d. Inventory purchasing for every month is 70% of total monthly sales, with payment pattern is as
    follows:
    60% pay in the month of purchase.
    40% one month after month of purchase

    e. Estimated operating expenses for January 2020 are S 8.000.- where 25% are depreciation expenses
    and expired of prepaid insurance.
    f. Machine with cost of purchase $ 9.500 expected can be sold for $8.000,-
    g. Company will buy computer in January 2020 for $1.200

    Instruction:
    Prepare Cash Budget for January 2020 !
    PROBLEM 2

    At the end of April 2020, ONLINE_LEARNING Corp. already prepared cash flow schedule for May 2020.
    Data concerning preparation of cash budget are as follows:

    a. Ending cash balance of April 2020 is: Rp 8.950.580,-


    b. Collection pattern of account receivable is:
    35% in the month of sales within discount period, term 2/10; n/30
    25% in the moth of sales after discount period
    20% one month after month of sales
    18% two month after month of sales
    2% uncollectible
    c. Actual and estimated sales are as follows:

    Sales February March April May


    Cash Sales Rp 20.000.000 Rp 20.000.000 Rp 22.000.000 Rp 26.000.000
    Credit Sales 30.000.000 28.000.000 30.000.000 36.000.000
    Total Rp 50.000.000 Rp 48.000.000 Rp 52.000.000 Rp 62.000.000

    d. Inventory purchasing for every month is 60% of total monthly sales, with payment pattern is as
    follows:
    50% pay in the month of purchase within discount period, term 3/10; eom
    30% one month after month of purchase
    20% two month after month of purchase and subject 3% of late fee.
    e. Estimated operating expenses for May 2020 are Rp 12.000.000,- where 20% are depreciation
    expenses and expired of prepaid insurance.
    f. Land with cost of purchase Rp 30.000.000, expected can be sold for Rp 52.000.000,-
    g. Company will buy equipment in May 2020 for Rp 35.000.000,-

    Instruction:
    Prepare Cash Budget for May 2020 !

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