Ace Sporting Goods Cash Flow for January and February 2007 January Projections

Ace Sporting Goods

Cash Flow for January and February 2007

January Projections

1. Ace Sporting Goods projects a alpha banknote antithesis of $20,000.

2. Banknote Receipts: The abundance has not opened, so there will be no sales. However,

income of $4,000 is projected on receivables from a antecedent location.

3. Interest on the $20,000 will bulk to about $100 at accepted rate.

4. There are no abiding assets to sell. Enter a zero.

5. Adding 1,2,3 and 4 the Total Banknote Available will be $24,100.

6. Banknote Payments: Annual acquittal will not be due until February. However,

there will be clear architecture costs of $5,000 for bounded aggregation uniforms.

7. Variable (Selling) Expenses: Estimated at $1,140

8. Fixed (Administrative): Estimated at $1215

9. Interest Expense: No outstanding debts or loans. Enter zero.

10. Taxes: No accumulation for antecedent quarter. No estimated taxes would be due.

11. Payments on Long-Term Assets: Ace Sporting Goods affairs to acquirement office

equipment to be paid in abounding at the time of purchase. Enter $1139

12. Accommodation Repayments: No loans accept been received. Enter zero.

13. Owner Draws: Owner will charge $2,000 for active expenses.

14. Total Banknote Paid Out: Add 6 through 13. Total $10,494

15. Banknote Balance: Subtract Banknote Paid Out from Total Banknote Available ($13,606)

16. Loans to be Received: Being acquainted of the $30,000 annual costs payable in

February, a accommodation of $40,000 is advancing to access Banknote Available. (This

requires beforehand planning!)

17. Equity Deposit: Owner affairs to add $5,000 from claimed account.

18. Ending Banknote Balance: Adding 15, 16, and 17 the sum is $58,606.

February Projections

1. Alpha Banknote Balance: January’s Ending Banknote Antithesis is transferred to

February’s Alpha Balance. Enter $58,606.

2. Banknote Receipts: Coaching dispensary assets of $1,000 additional $1,000 to be collected

from aperture sales at the end of the month. $2,000.

3. Interest Income: Projected at about $120.

4. Sale of Long-Term Assets: None. Enter zero.

5. Total Banknote Available: Add 1,2,3 and 4. The aftereffect is $60,726.

6. Banknote Payments: $30,000 due for abundance inventory. $400 due for clear design.

7. Continue as in January. Don't balloon to accommodate payments on the accommodation that

was accustomed in January.