Sheet1Coast Jewelers1st2nd3rd4th1.Sales BudgetQuarterQuarterQuarterQuarterYearsale in unit26000285003850027000120000unit sale price$8$8$8$8$8total sales$208,000$228,000$308,000$216,000$960,000

Sheet2Assumptions:Beg inventory1000UnitsPlanned End inventory15%Of next quarter sales unitsPlanned Sold Units of the 1st quarter for year 2$35,000UnitsPurchase price$5Coast Jewelers1st2nd3rd4th2.Purchases BudgetQuarterQuarterQuarterQuarterYearEstimated sold units26000285003850027000120000End.inventory427557754050$5,250$5,250Beg.inventory10004275577540501000Planned purchases(units)29275300003677528200124250Purchase Price$5$5$5$5$5Total Planned Purchases ($)$146,375$150,000$183,875$141,000$621,250Beg InvPurchase = Sold unit + End inv - Beg invAdd PurchasesLess End InvGOGS/Sold Units

Administrator:used for calculating the Planned PurchasesAdministrator:End Inv last yearAdministrator:The same Beg Inv for 1st quarter

Sheet3Assumptions:Sales Comissions5%VariableFright Out exp.1%VariableOffice rent exp (quarterly)$2,000Office salaries exp (quarterly)$6,000Office supplies exp (quarterly)$2,500Office Depreciation exp (quarterly)$7,000Office miscellineous exp (quarterly)$500Coast Jewelers1st2nd3rd4th3.Selling & Adminstrative BudgetQuarterQuarterQuarterQuarterYearTotal Sales (sales budget)$208,000$228,000$308,000$216,000$960,000Sales Comissions exp$10,400$11,400$15,400$10,800$48,000Fright out exp$2,080$2,280$3,080$2,160$9,600Total Selling exp$12,480$13,680$18,480$12,960$57,600Office rent exp (quarterly)$2,000$2,000$2,000$2,000$8,000Office salaries exp (quarterly)$6,000$6,000$6,000$6,000$24,000Office supplies exp (quarterly)$2,500$2,500$2,500$2,500$10,000Office Depreciation exp (quarterly)$7,000$7,000$7,000$7,000$28,000Office miscellineous exp (quarterly)$500$500$500$500$2,000Total Adminstrative exp$18,000$18,000$18,000$18,000$72,000

Sheet4Assumptions:Beg Cash Balance$11,000Beg Accounts Receivable (4th quarter-previous year)$18,000Sales Collections of the same quarter60%Sales Collections of the next quarter25%Sales Collections of the after next quarter10%Uncollectable sales5%int4%payment quarter during period15000Coast Jewelers1st2nd3rd4th4.Cash BudgetQuarterQuarterQuarterQuarterYearCash Receipts (cash in):Beg Cash Balance$11,000$44,555-$16,901-$9,868$11,000Total Sales ($) (Sales Budget)$208,000$228,000$308,000$216,000$960,000Sales Collections of the same quarter 60%$124,800$136,800$184,800$129,600$576,000Sales Collections of the next quarter 25%$4,500$52,000$57,000$77,000$190,500Sales Collections of the after next quarter 10%$0$1,800$20,800$22,800$45,400Sales Colllections during quarter$129,300$190,600$262,600$229,400$811,900Total Cash Receipts$140,300$235,155$245,699$219,532$840,686financeparchase$146,375$150,000$183,875$141,000$621,250total sell exp$12,480$13,680$18,480$12,960$57,600 total admin exclude dep$11,000$11,000$11,000$11,000$44,000total finance$169,855$174,680$213,355$164,960$722,850exces or shrtage-$29,555$60,475$32,344$54,572$117,836borrow$44,555$0$0$0$44,555payment$0$15,119$8,086$13,643$36,848 int$0$1,782$1,782$1,782$5,347end$44,555-$16,901-$9,868-$15,425$2,361

Administrator:We don't add it to every column we sum!!