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PEMBELANJAAN PERUSAHAAN

The Cash Budget is crucial in forecasting cash inflows and outflows, aiding short-term financial planning and identifying cash surpluses and borrowing needs. By planning ahead, companies can secure financing before actual funds are required. Learn more about Cash Budgeting in this lecture.

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PEMBELANJAAN PERUSAHAAN

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  1. PEMBELANJAAN PERUSAHAAN LECTURE 2b – CASH BUDGET

  2. Cash Budget • Forecast of cash inflows and outflows over the next short-term planning period • Primary tool in short-term financial planning • Helps determine when the firm should experience cash surpluses and when it will need to borrow to cover working-capital costs • Allows a company to plan ahead and begin the search for financing before the money is actually needed

  3. Example: Cash Budget Information • Pet Treats Inc. specializes in gourmet pet treats and receives all income from sales • Sales estimates (in millions) • Q1 = 500; Q2 = 600; Q3 = 650; Q4 = 800; Q1 next year = 550 • Accounts receivable • Beginning receivables = $250 • Average collection period = 30 days • Accounts payable • Purchases = 50% of next quarter’s sales • Beginning payables = 125 • Accounts payable period is 45 days • Other expenses • Wages, taxes and other expense are 30% of sales • Interest and dividend payments are $50 • A major capital expenditure of $200 is expected in the second quarter • The initial cash balance is $80 and the company maintains a minimum balance of $50

  4. Example: Cash Budget – Cash Collections • ACP = 30 days, this implies that 2/3 of sales are collected in the quarter made and the remaining 1/3 are collected the following quarter • Beginning receivables of $250 will be collected in the first quarter

  5. Untukmelihat file lengkapnyasilahkanmenghubungikamidiwww.mb.ipb.ac.id

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