Answer to Question #277761 in Financial Math for Apple

Question

Financial information pertaining to Neutron-X Sdn Bhd above follows:

Beginning cash balance is RM180,000

Sales are on credit and are collected 50 percent in the current period and the remainder in the next period. Last quarter’s sales were RM840,000. There are no bad debts.

Purchases of direct materials and labor costs are paid for in the quarter acquired.

Manufacturing overhead expenses are paid in the quarter incurred.

Selling and administrative expenses are all fixed and are paid in the quarter incurred. They are budgeted at RM34,000 per quarter, including RM9,000 of depreciation.

Refer to the sales budget prepared in Task 1. Construct a cash budget for Neutron-X Sdn Bhd for the quarter ending 31^st December 2021.

Answer 1

Cash budget for Neutron-X