Prepare a cash flow forecast for the following start-up company. (No Sales were generated before October 2016)
2016: October sales = $ 8,000?
|2016: November sales = $10,000|
|2016: December sales = $10,000|
|2017: January sales = $10,000, then rise $1,000/month for 2 months, then rise $3,000/month for 3 months.|
|Sales on account take 2 months? to be paid back. ?50% of all sales are on account.|
|Cost of sales (materials) = 40% of sales in the month, purchases for each month?s sales are made one month in advance and paid in cash.|
|Insurance expense is $3,000/quarter - payable in December 2016, March 2017 and June 2017|
|Wage expenses are $3,000/month beginning in October 2016|
|Machine was bought in February 2017 for $5,000|
|Cash 1/1/2016 = $8,500|
Calculate the cash flow forecast as of June 2017.??A cash flow forecasting template is attached for your convenience.
12 Month Cash Flow Template
January February March April May 0 0 0 0 0 0 0 0 0 Total Expenditure 0 0 0 0 0 Balance Carried forward 0 0 0 0 0 Balance Brought forward
Sources of Income
Cash from Credit Sales
Materials nth Cash Flow Template
June July August September October November December 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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