Dowling, Inc. Cash Budget July through December 2015 Inflows: Expected Gross Sales May 1500 Sept 8000 During month 3/10,n/30 Expect 40% to take 3% discount June 2600 Oct 6000 1 month lag 40% July 3000 Nov 4000 2 mo

Chelseasapienza

Dowling, Inc.
Cash Budget July through December 2015

Inflows:
Expected Gross Sales		May	1500	Sept	8000
During month 3/10,n/30	Expect 40% to take 3% discount	June	2600	Oct	6000
1 month lag	40%	July	3000	Nov	4000
2 month lag	20%	Aug	5000	Dec	6200


Purchases of Raw Material
Expected Gross Purchases	50% of next month's sales
Cash Payment 1 month lag

Outflows:
Payment of Purchases of Raw Materials	last month's purchases
Wages	7% of this months sales
Lease payments	12% of this months sales
Advertising Expense	10% of this months sales
Insurance	$500 in December
Other expenses	$150 in July, $200 in Aug, $350 in Nov
Taxes	$10000 in Sept; $4500 in Dec
Property acquisition	$1450 in Sept

Beginning/Target Cash Balance	$1,000

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