/* nursingwritersbureau.com theme functions */ /* nursingwritersbureau.com theme functions */ {"id":1401,"date":"2019-10-18T03:39:18","date_gmt":"2019-10-18T03:39:18","guid":{"rendered":"https:\/\/aplusnursingexperts.com\/fina310-ip-5-cyrus-brown-manufacturing-cbm\/"},"modified":"2019-10-18T03:39:18","modified_gmt":"2019-10-18T03:39:18","slug":"fina310-ip-5-cyrus-brown-manufacturing-cbm","status":"publish","type":"post","link":"https:\/\/nursingwritersbureau.com\/fina310-ip-5-cyrus-brown-manufacturing-cbm\/","title":{"rendered":"FINA310 IP 5 Cyrus Brown Manufacturing (CBM)."},"content":{"rendered":"
<\/p>\n
Cyrus Brown Manufacturing (CBM).To avoid any uncertainty regarding his business’ financing needs at the time when such needs may arise, Cyrus Brown wants to develop a cash budget for his latest venture: Cyrus Brown Manufacturing (CBM).<\/p>\n
Please read the relevant parts of your textbook, which refer to cash flow and financial planning.<\/p>\n
To avoid any uncertainty regarding his business’ financing needs at the time when such needs may arise, Cyrus Brown wants to develop a cash budget for his latest venture: Cyrus Brown Manufacturing (CBM). He has estimated the following sales forecast for CBM over the next 9 months:<\/p>\n
March<\/td>\n | $100,000<\/td>\n<\/tr>\n | ||||||||||||||||
April<\/td>\n | $275,000<\/td>\n<\/tr>\n | ||||||||||||||||
May<\/td>\n | $320,000<\/td>\n<\/tr>\n | ||||||||||||||||
June<\/td>\n | $450,000<\/td>\n<\/tr>\n | ||||||||||||||||
July<\/td>\n | $700,000<\/td>\n<\/tr>\n | ||||||||||||||||
August<\/td>\n | $700,000<\/td>\n<\/tr>\n | ||||||||||||||||
September<\/td>\n | $825,000<\/td>\n<\/tr>\n | ||||||||||||||||
October<\/td>\n | $500,000<\/td>\n<\/tr>\n | ||||||||||||||||
November<\/td>\n | $115,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n He has also gathered the following collection estimates regarding the forecast sales:<\/p>\n Payment collection within the month of sale = 25%<\/p>\n Payment collection the month following sales = 55%<\/p>\n Payment collection the second month following sales = 20%<\/p>\n Payments for direct manufacturing costs like raw materials and labor are made during the month that follows the one in which such costs have been incurred. These costs are estimated as follows:<\/p>\n
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