INFORMATION AND DATABASES FOR PROJECTIONS AND WITH BUDGET OPERATION
1. Sales Projection: 20X2
Having consulted on the Company's Managers' Committee, it is agreed or that the business plans and strategies, it was estimated appropriate, 35% increase in sales reported during the months of last year 20x1. All sales are estimated on credit.
Predicting collections based on the monthly sales projection:
Emergency Situations Policy.
For considerations and apprenticeships of the hurricane phenomenon of Maria, the company's officials have recommended that after determining and calculating the collection projections for each month, appropriate (separate) 10%, from the projected collections, as a fund to alleviate and attend to such emergencies. This policy implies that such funds are not to cover disbursements of the costs and expenses that are projected for the budget year.
Sales, collections and emergency projections are key to the formulation, structuring and calculations of the Sales and Sales Collections Budget projections.
2. Merchandise Purchase Projection, necessary to meet projected sales. 20X2
Sales projections affect purchases equally. These account for 55% of the projected monthly sales. They are purchased during the month of the sale and are planned to pay within the same month with a two% cash discount.
Procurement projections are for the formulation, structuring and calculations of the Procurement Budget projections
3. Projection of monthly disbursements for operating expenses and the principal of debts with their corresponding interest. 20X2
Gastos: all are paid from projected sales and in the month that is incurred. These are:
Swings: 27.50% of projected monthly sales
Commission: 2% of monthly projected sales, plus 3.5% of what was charged monthly.
Nominee: 10.9% of what is paid in salaries and commissions.
Utilities : $4,000per month
Insurance : $12,000 per month
Mortgage: 6.5% simple interest, from the balance of the principal to be divided monthly payable monthly.
Interest Other debts: 12% simple interest on the principal's balance sheet to be divided monthly to apply to the others.
Amortization of principal of debts:
HIPOTECAS$950,000 of total principal to January. Payments at the end of the month to the main at $30,000. HINT: Simple interest calculation. The main one decreases monthly and the time in the formula will increase the monthly one month at a time.
OTHER DENS$750,000 Dand total main. Monthly terms of $25,000 principal, at the end of the month. The main one decreases monthly and the time in the formula anger increasing monthly one month at a time.
The information presented in this section is for the formulation, structuring and calculation of the Expenditure and Debt Budget projections.
4. Projection of cash flow to shape and structure the Cash Budget. 20X2
The basis for making this budget are the results calculated in terms of collections and disbursements for purchases, expenses and debts from previous budgets; plus the information provided below.
REQUIRED: PREPARE THE FOLLOWING BUDGETS FOR THE 20X2:
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