2018 75,000 76,000

2019 90,000 75,750

2020 70,000 79,313
2021 98,000 76,984
2022 100,000 82,238
2023 86,678

1 Exponential Smoothing
Change in assets -149,339.62
Change in liabilities -20,649.10
Change in R/E 152,119.89
AFN -280,810.41

A* 1,121,000.00
S0 1,500,000.00
S1 1,300,170.00
change in sales -199,830.00
L* 155,000.00
MS 195,025.50
RR 0.78

2 Increase of sales
Change in assets 280,250.00
Change in liabilities 38,750.00
Change in R/E 219,375.00
AFN 22,125.00

A* 1,121,000.00
S0 1,500,000.00
S1 1,875,000.00
change in sales 375,000.00
L* 155,000.00
MS 281,250.00
RR 0.78

3 Exponential Smoothing (Excess Capacity)

Change in assets -67,808.98
Change in liabilities -20,649.10
Change in R/E 152,119.89
-199,279.77

A* 509,000.00
S0 1,500,000.00
 S1 1,300,170.00
change in sales -199,830.00
L* 155,000.00
MS 195,025.50
RR 0.78

4 Increase of sales (Excess Capacity)

Change in assets 127,250.00
Change in liabilities 38,750.00
Change in R/E 219,375.00
-130,875.00

A* 509,000.00
S0 1,500,000.00
S1 1,875,000.00
change in sales 375,000.00
L* 155,000.00
MS 281,250.00
RR 0.78

5 SGR
Profit 225,000.00
Equity 535,000.00
ROE 0.42 0.33
RR 0.78
a. Cash Collections
June July August September
Sales 1,300,000.00 1,690,000.00 2,197,000.00 2,856,100.00
A/R, beg. 48,000.00 50,000.00 65,000.00 84,500.00
A/R Write-offs 96,000.00 124,800.00 162,240.00 210,912.00
A/R, end. 50,000.00 65,000.00 84,500.00 109,850.00
Cash collections 1,202,000.00 1,550,200.00 2,015,260.00 2,619,838.00

b. Cash disbursements

Budg. Direct Materials 556,000.00 722,800.00 939,640.00 1,221,532.00

Budg. Direct Labor 650,000.00 845,000.00 1,098,500.00 1,428,050.00
Budg. Direct Labor (10%) 82,000.00 106,600.00 138,580.00 180,154.00
Budg. Direct Labor, net 732,000.00 951,600.00 1,237,080.00 1,608,204.00
Budg. Overhead 820,000.00 1,066,000.00 1,385,800.00 1,801,540.00
Budg. Overhead (90%) 738,000.00 959,400.00 1,247,220.00 1,621,386.00
2,026,000.00 2,633,800.00 3,423,940.00 4,451,122.00

c. Cash budget
Cash bal., beg. 30,000.00 31,000.00 32,400.00 -193,280.00
Cash sales 700,000.00 910,000.00 1,183,000.00 1,537,900.00
Cash collections 1,202,000.00 1,550,200.00 2,015,260.00 2,619,838.00
1,932,000.00 2,491,200.00 3,230,660.00 3,964,458.00

Disbursements 2,026,000.00 2,633,800.00 3,423,940.00 4,451,122.00

Excess/Deficiency -94,000.00 -142,600.00 -193,280.00 -486,664.00

Financing:
Borrowing 125,000.00 175,000.00
Repayments
Interest
Total financing 125,000.00 175,000.00 0.00 0.00

Minimum cash balance 31,000.00 32,400.00 -193,280.00

Sales ₱ 2,000,000.00
Receivable Turnover 26
Cash Sales ₱ 700,000.00
Write off ₱ 96,000.00
DM ₱ 556,000.00
DL ₱ 650,000.00
OH ₱ 820,000.00

Collections
Current AR ₱ 1,204,000.00
Average AR ₱ 46,307.69
Outstanding A/R ₱ 44,615.38

Collections for June ₱ 1,207,384.62

Disbursements
DM
DL
OH
 JUNE JULY AUGUST
SALES ₱ 2,000,000.00 ₱ 2,600,000.00 ₱ 3,380,000.00
RECEIVABLE TURNOVER 26 33.8 43.94
CASH SALES ₱ 700,000.00 ₱ 910,000.00 ₱ 1,183,000.00
AR WRITE-OFF ₱ 96,000.00 ₱ 124,800.00 ₱ 162,240.00
DM ₱ 556,000.00 ₱ 722,800.00 ₱ 939,640.00
DL ₱ 650,000.00 ₱ 845,000.00 ₱ 1,098,500.00
OH ₱ 820,000.00 ₱ 844,600.00 ₱ 876,580.00

NET CREDIT SALES ₱1,300,000.00 NET CREDIT SALES

AVERAGE AR ₱ 50,000.00 AVERAGE AR
AR FOR JUNE ₱ 52,000.00 AR FOR JULY

COLLECTIONS FROM CREDIT SALES ₱ 1,200,000.00 COLLECTIONS FROM CREDIT SALES

CASH COLLECTIONS ₱ 700,000.00 CASH COLLECTIONS
TOTAL COLLECTIONS FOR JUNE ₱ 1,900,000.00 1 TOTAL COLLECTIONS FOR JULY

DISBURSEMENTS DISBURSEMENTS
DM ₱556,000.00 DM
DL ₱650,000.00 DL
OH ₱820,000.00 OH
FIXED
TOTAL DISBURSEMENTS ₱2,026,000.00 2 VARIABLE

TOTAL DISBURSEMENTS

BEGINNING CASH ₱30,000.00 BEGINNING CASH

COLLECTIONS ₱1,900,000.00 COLLECTIONS
DISBURSEMENTS -₱2,026,000.00 DISBURSEMENTS
EXCESS CASH (SHORTAG -₱96,000.00 EXCESS CASH (SHORTAGE)
ADD MCR -₱30,000.00 Borrowings
NEEDED FINANCING -₱126,000.00 PRINCIPAL REPAYMENTS
Borrowings ₱130,000.00 3 INTEREST PAYMENT
Principal Payment ₱ - 4 Cash,end
Interest Payment ₱ - 5 MCR
Cash, end ₱34,000.00
 SEPTEMBER
₱ 4,394,000.00
57.122
₱ 1,537,900.00
₱ 210,912.00
₱ 1,221,532.00
₱ 1,428,050.00
₱ 918,154.00

₱ 1,690,000.00 NET CREDIT SALES

₱ 50,000.00 AVERAGE AR
₱ 48,000.00 AR FOR JUNE

CTIONS FROM CREDIT SALES ₱1,569,200.00 COLLECTIONS FROM CREDIT SALES

COLLECTIONS ₱ 910,000.00 CASH COLLECTIONS
COLLECTIONS FOR JULY ₱2,479,200.00 6 TOTAL COLLECTIONS FOR AUGUST

DISBURSEMENTS
₱ 722,800.00 DM ₱ 939,640.00
₱ 845,000.00 DL ₱ 1,098,500.00
OH
₱ 738,000.00 FIXED ₱ 738,000.00
₱ 106,600.00 VARIABLE ₱ 138,580.00

DISBURSEMENTS ₱ 2,412,400.00 7 TOTAL DISBURSEMENTS ₱ 2,914,720.00

₱ 34,000.00 BEGINNING CASH ₱ 30,000.00

₱ 2,479,200.00 COLLECTIONS ₱ 3,213,760.00
-₱ 2,412,400.00 DISBURSEMENTS -₱ 2,914,720.00
S CASH (SHORTAGE) ₱ 100,800.00 EXCESS CASH (SHORTAGE) ₱ 329,040.00
₱ - 8 Borrowings ₱ -
PAL REPAYMENTS ₱ 69,411.76 9 PRINCIPAL REPAYMENTS -₱ 60,588.24
EST PAYMENT ₱ 1,388.24 10 INTEREST PAYMENT -₱ 1,817.65
- Cash,end ₱ 266,634.11
₱ 30,000.00
₱2,197,000.00 NET CREDIT SALES ₱ 2,856,100.00
₱ 50,000.00 AVERAGE AR ₱ 50,000.00
₱ 52,000.00 AR FOR JUNE ₱ 48,000.00

₱ 2,030,760.00 COLLECTIONS FROM CREDIT SALES ₱ 2,649,188.00

₱ 1,183,000.00 CASH COLLECTIONS ₱ 1,537,900.00
₱ 3,213,760.00 11 TOTAL COLLECTIONS FOR SEPTEMBER ₱ 4,187,088.00 16

DISBURSEMENTS
DM ₱ 1,221,532.00
DL ₱ 1,428,050.00
OH
FIXED ₱ 738,000.00
VARIABLE ₱ 180,154.00

12 TOTAL DISBURSEMEN ₱ 3,567,736.00 17

BEGINNING CASH ₱ 266,634.11

COLLECTIONS ₱ 4,187,088.00
DISBURSEMENTS -₱ 3,567,736.00
EXCESS CASH (SHORT ₱ 885,986.11
13 Borrowings ₱ - 18
14 PRINCIPAL REPAYMEN ₱ - 19
15 INTEREST PAYMENT ₱ - 20
Cash,end ₱ 885,986.11
30% increase all budgets
JUNE JULY AUGUST
Budgeted Sales 2,000,000.00 2,600,000.00 3,380,000.00
Budgeted Cash Sales 700,000.00 910,000.00 1,183,000.00
Budgeted Credit Sales 1,300,000.00 1,690,000.00 2,197,000.00

Budgeted Receivable Turnover 26 33.8 43.94

Credit Sales/Turnover = Average AR 50,000.00 50,000.00 50,000.00

Multipy by 2 100,000.00 100,000.00 100,000.00
Less: Beg, AR 48,000.00 52,000.00 48,000.00
AR, end 52,000.00 48,000.00 52,000.00

AR,beg 48,000.00 52,000.00 48,000.00

Credit Sales 1,300,000.00 1,690,000.00 2,197,000.00
Less: Budgeted Writeoff 96,000.00 124,800.00 162,240.00
Collections ### ### ###
AR, end 52,000.00 48,000.00 52,000.00

Budgeted OH 820,000.00 844,600.00 876,580.00

VOH 82,000.00 106,600.00 138,580.00
FOH 738,000.00 738,000.00 738,000.00

CASH 30,000.00 34,000.00 30,000.00

COLLECTIONS 1,200,000.00 1,569,200.00 2,030,760.00
CASH SALES 700,000.00 910,000.00 1,183,000.00
1,930,000.00 2,513,200.00 3,243,760.00
LESS: DISBURSEMENTS
DM 556,000.00 722,800.00 939,640.00
DL 650,000.00 845,000.00 1,098,500.00
OH 820,000.00 844,600.00 876,580.00
-96,000.00 100,800.00 329,040.00
ADDITIONAL FINANCING 130,000.00 69,411.76 -60,588.24
INTEREST 1,388.24 -1,817.65
CASH, END 34,000.00 30,000.00 266,634.11
SEPTEMBER
4,394,000.00
1,537,900.00
2,856,100.00

57.12

50,000.00
100,000.00
52,000.00
48,000.00

52,000.00
2,856,100.00
210,912.00
###
48,000.00

918,154.00
180,154.00
738,000.00

266,634.11
2,649,188.00
1,537,900.00
4,453,722.11

1,221,532.00
1,428,050.00
918,154.00
885,986.11

885986