FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Concept explainers

Cash budget
A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the…
Question

What is the budgeted cash receipts value from customers during the year?

The following extracts from the DEF Co budget are available. Year ended 30 June 2019 Sales $1,135,600 Purchases 751,700 Closing inventory 113,500 Opening inventory 112,250 Opening receivables 163,525 Opening payables 113,550 DEF Co expects that receivables will increase by 12% and that payables will increase by 15% by the end of the year.
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Transcribed Image Text:The following extracts from the DEF Co budget are available. Year ended 30 June 2019 Sales $1,135,600 Purchases 751,700 Closing inventory 113,500 Opening inventory 112,250 Opening receivables 163,525 Opening payables 113,550 DEF Co expects that receivables will increase by 12% and that payables will increase by 15% by the end of the year.
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