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Comment by Shakil Ahmad Anjum on November 26, 2018 at 5:48pm

FIN 722 1ST GDB SOLUTION PLEASE SHARE

Comment by Aviv on July 23, 2018 at 5:18am

Fin 722 Assignment 1  part (A) any one help

Best sports Limited (BSL) is specialized in customized sportswear and a big manufacturer and supplier of sportwear in the region. Company has received large orders for upcoming second quarter of the year. Company’s directors have assigned a task of preparing a cash budget plan to it financial officer for effective management of these orders.  

Actual Data (First Quarter): Financial officer extracted following financial data from the transactions of first quarter:  Sales were Rs. 1,500,000 per month for each February and March. Direct material purchases were Rs. 650,000 in March.   Labor and overhead costs for the month of March were Rs. 350,000 along with depreciation expense of Rs. 14,000.   General and administrative expenses were recorded at Rs. 415,000 for the month of March.  Ending cash balance of March was Rs. 12,000. 

Estimated Data (Second Quarter): Based upon available information, following are the estimations for the second quarter (April-June):   Estimated sales will be Rs. 2,100,000 for each month from April to June.  Estimated amount of direct material purchases will be Rs. 750,000 for each April and May while it will rise to Rs. 825,000 in June.  Labor and overhead costs are expected to increase by Rs. 60,000 for the month of April and will remain unchanged, that is, Rs. 410,000 in subsequent months of May and June.  Depreciation expense will not be changed for second quarter.   General and administrative expenses are estimated to increase by Rs. 10,000 in each subsequent month from April to June.  Company also expects to repay a loan of Rs. 800,000 in June.  

Credit policy and terms of the company:  Company’s 40% sales are on cash basis and 60% sales are on two-month credit basis.

 Company makes 50% payment for direct material purchases in the same month of purchase and 50% after one month.  Company pays expenses (labor, overhead costs, General and administrative) in the month of incurrence. 

Requirement: Prepare cash budget for the second quarter (April-June) based upon above provided data.

Comment by Sonia Naveed on November 11, 2017 at 10:05pm

need all past mid term papers of FIN722 

Comment by Sonia Naveed on November 11, 2017 at 10:05pm

need all past mid term papers of FIN722 

Comment by Sonia Naveed on November 11, 2017 at 10:05pm

need all past mid term papers of FIN722 

Comment by Sonia Naveed on November 11, 2017 at 10:05pm

need all past mid term papers of FIN722 

Comment by Qaisar khan on April 28, 2017 at 4:32pm

Comment by Tayyab on April 26, 2017 at 7:08am

GDB 1

Comment by Tayyab on April 26, 2017 at 7:07am

Comment by Eagle on July 25, 2016 at 3:28pm

is there any body who is in first semester of MSBA and have did his Fin 722 assignment # 2 please help me and provide me the solution of this assignment

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