T.A.B.

Shirts - Budgeting A
T.A.B. Shirts - Budgeting Assignment
BUSN_5030_02B_2024

Submitted by
Jason Okoro #T00718825
 Month January
Tango Budgeted sales (units) 1,250.00
Selling price per unit 35.00
Total Sales 43,750.00
Budgeted sales (units) 813.00
Alpha

Selling price per unit 85.00

Total Sales 69,105.00
Budgeted sales (units) 3,300.00
Bravo

Selling price per unit 45.00

Total Sales 148,500.00

Total Sales 261,355.00

Cash Collections

December A/R 600,000.00

January Sales-Tango and Bravo 192,250.00

10% 6,910.50
January Sales-Alpha
90%

February Sales--Tango and Bravo

10%
February Sales-Alpha
90%

March sales-Tango and Bravo

10%
March sales-Alpha
90%

April Sales-Tango and Bravo

10%
April Sales-Alpha 90%

May Sales_Tango and Bravo

10%
May Sales-Alpha 90%
June Sales-Tango and Bravo
10%
June Sales-Alpha 90%

July Sales-Tango and Bravo

10%
July Sales-Alpha 90%

August Sales-Tango and Bravo

10%
August Sales-Alpha 90%

September Sales-Tango and Bravo

10%
September Sales-Alpha 90%

October Sales-Tango and Bravo

10%
October Sales-Alpha 90%

November Sales-Tango and Bravo

10%
November Sales-Alpha 90%

December Sales-Tango and Bravo

10%
December Sales-Alpha 90%
Total Cash Receipts 799,160.50

Budgeted ending receivable amount

1,530,000.00
in December 31 (90% of 1,700,000)
 T.A.B. Shirts
Sales Budget
For the year ended December 31

February March April May June July August

2,000.00 2,000.00 5,000.00 7,500.00 12,500.00 15,000.00 15,000.00
35.00 35.00 35.00 35.00 35.00 35.00 35.00
70,000.00 70,000.00 175,000.00 262,500.00 437,500.00 525,000.00 525,000.00
1,300.00 1,300.00 3,250.00 4,875.00 8,125.00 9,750.00 9,750.00
85.00 85.00 85.00 85.00 85.00 85.00 85.00
110,500.00 110,500.00 276,250.00 414,375.00 690,625.00 828,750.00 828,750.00
4,200.00 4,200.00 7,800.00 10,800.00 16,800.00 19,800.00 19,800.00
45.00 45.00 45.00 45.00 45.00 45.00 45.00
189,000.00 189,000.00 351,000.00 486,000.00 756,000.00 891,000.00 891,000.00

369,500.00 369,500.00 802,250.00 1,162,875.00 1,884,125.00 2,244,750.00 2,244,750.00

62,194.50

259,000.00
11,050.00
99,450.00

259,000.00
11,050.00
99,450.00

526,000.00
27,625.00
248,625.00

748,500.00
41,437.50
372,937.50
 1,193,500.00
69,062.50
621,562.50

1,416,000.00
82,875.00
745,875.00

1,416,000.00
82,875.00

332,244.50 369,500.00 653,075.00 1,038,562.50 1,635,500.00 2,120,437.50 2,244,750.00

September October November December TOTAL January February
8,000.00 6,000.00 2,000.00 7,000.00 83,250.00 2,000.00 2,000.00
35.00 35.00 35.00 35.00 35.00 35.00 35.00
280,000.00 210,000.00 70,000.00 245,000.00 2,913,750.00 70,000.00 70,000.00
5,200.00 3,900.00 12,000.00 20,000.00 80,263.00 5,000.00 5,000.00
85.00 85.00 85.00 85.00 85.00 85.00 85.00
442,000.00 331,500.00 1,020,000.00 1,700,000.00 6,822,355.00 425,000.00 425,000.00
11,400.00 9,000.00 4,200.00 10,200.00 121,500.00 4,200.00 4,200.00
45.00 45.00 45.00 45.00 45.00 45.00 45.00
513,000.00 405,000.00 189,000.00 459,000.00 5,467,500.00 189,000.00 189,000.00

1,235,000.00 946,500.00 1,279,000.00 2,404,000.00 15,203,605.00 684,000.00 684,000.00

600,000.00
-
192,250.00
-
6,910.50
62,194.50
-
259,000.00
11,050.00
99,450.00
-
259,000.00
11,050.00
99,450.00
-
526,000.00
27,625.00
248,625.00
-
748,500.00
41,437.50
372,937.50
-
 1,193,500.00
69,062.50
621,562.50
-
1,416,000.00
82,875.00
745,875.00
-
1,416,000.00
82,875.00
745,875.00 745,875.00
-
793,000.00 793,000.00
44,200.00 44,200.00
397,800.00 397,800.00
-
615,000.00 615,000.00
33,150.00 33,150.00
298,350.00 298,350.00
-
259,000.00 259,000.00
102,000.00 102,000.00
918,000.00 918,000.00
-
704,000.00 704,000.00
170,000.00 170,000.00

1,583,075.00 1,045,950.00 659,350.00 1,792,000.00 14,273,605.00

 Expected Shirts / month
MONTH
Tango Bravo
January 1,250.00 3,300.00
February 2,000.00 4,200.00
March 2,000.00 4,200.00
April 5,000.00 7,800.00
May 7,500.00 10,800.00
June 12,500.00 16,800.00
July 15,000.00 19,800.00
August 15,000.00 19,800.00
September 8,000.00 11,400.00
October 6,000.00 9,000.00
November 2,000.00 4,200.00
December 7,000.00 10,200.00
January 2,000.00 4,200.00
February 2,000.00 4,200.00

Alpha Collection % in the month of sales 10%

Alpha Collection % in the following mon 90%
Accounts receivable at December 31 600,000.00
 Expected Unit Sales Selling Price / Unit
August 5,000 Units $595 / Unit
September 8,000 Units $595 / Unit
October 5,000 Units $595 / Unit

November 15,000 Units $595 / Unit

December 25,000 Units $595 / Unit
January 2,000 Units $595 / Unit
February 3,000 Units $595 / Unit

A/R and A/P policies

All sales are done on account

70% of sales are collected in the month sold
30% of sales are collected the month following the sale
/ month Selling Price / shirt
Alpha Tango Bravo Alpha
813.00 35.00 45.00 85.00
1,300.00 35.00 45.00 85.00
1,300.00 35.00 45.00 85.00
3,250.00 35.00 45.00 85.00
4,875.00 35.00 45.00 85.00
8,125.00 35.00 45.00 85.00
9,750.00 35.00 45.00 85.00
9,750.00 35.00 45.00 85.00
5,200.00 35.00 45.00 85.00
3,900.00 35.00 45.00 85.00
12,000.00 35.00 45.00 85.00
20,000.00 35.00 45.00 85.00
5,000.00 35.00 45.00 85.00
5,000.00 35.00 45.00 85.00
A/R Balance Ending Inventory

780,000.00 1500 units 20,000 m of fabric

 T.A.B. Shirts
Production Budget
For the year ended December 31

Month January February March April May June July August September October November December TOTAL January February Sales Buffer of the next month 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Budgeted sales (units) 1,250.00 2,000.00 2,000.00 5,000.00 7,500.00 12,500.00 15,000.00 15,000.00 8,000.00 6,000.00 2,000.00 7,000.00 83,250.00 2,000.00 2,000.00 Tango December ending inventory 125
add Bravo December ending inventory (shirts ) 330
Tango Desired Ending Inventory 200 200 500 750 1,250 1,500 1,500 800 600 200 700 200 200 200.00 alpha December ending inventory (shirts) 81
Total Units needed 1,450 2,200 2,500 5,750 8,750 14,000 16,500 15,800 8,600 6,200 2,700 7,200 83,450 2,200
less -
beginning inventory 125 200 200 500 750 1,250 1,500 1,500 800 600 200 700 125 200.00
Required production (units) 1,325 2,000 2,300 5,250 8,000 12,750 15,000 14,300 7,800 5,600 2,500 6,500 83,325 2,000 2,000

Month January February March April May June July August September October November December TOTAL January February
Budgeted sales (units) 813.00 1,300.00 1,300.00 3,250.00 4,875.00 8,125.00 9,750.00 9,750.00 5,200.00 3,900.00 12,000.00 20,000.00 80,263.00 5,000.00 5,000.00
add
Alpha

desired ending inventory 130 130 325 488 813 975 975 520 390 1,200 2,000 500 500 500.00
Total Units needed 943 1,430 1,625 3,738 5,688 9,100 10,725 10,270 5,590 5,100 14,000 20,500 80,763 5,500
less
beginning inventory 81 130 130 325 488 813 975 975 520 390 1,200 2,000 81 500
Required production (units) 862 1,300 1,495 3,413 5,200 8,288 9,750 9,295 5,070 4,710 12,800 18,500 80,682 5,000

Month January February March April May June July August September October November December TOTAL January February
Budgeted sales (units) 3,300.00 4,200.00 4,200.00 7,800.00 10,800.00 16,800.00 19,800.00 19,800.00 11,400.00 9,000.00 4,200.00 10,200.00 121,500.00 4,200.00 4,200.00
add
Bravo

desired ending inventory 420 420 780 1,080 1,680 1,980 1,980 1,140 900 420 1,020 420 420 420.00
Total Units needed 3,720 4,620 4,980 8,880 12,480 18,780 21,780 20,940 12,300 9,420 5,220 10,620 121,920 4,620
less
beginning inventory 330 420 420 780 1,080 1,680 1,980 1,980 1,140 900 420 1,020 330 420
Required production (units) 3,390 4,200 4,560 8,100 11,400 17,100 19,800 18,960 11,160 8,520 4,800 9,600 121,590 4,200

Total Required 5,577 7,500 8,355 16,763 24,600 38,138 44,550 42,555 24,030 18,830 20,100 34,600 285,597
Production in units
 T.A.B. Shirts
Direct Material Budget
For the year ended December 31
Category Use of frabric Cost/Unit Buffer in meter December End Inventory

Month January February March April May June July August September October November December TOTAL January Tango 5 8.00 33.13
0.50%
Required production (units) 1,325 2,000 2,300 5,250 8,000 12,750 15,000 14,300 7,800 5,600 2,500 6,500 83,325 2,000 Bravo 5.995 8.25 186.45
material per unit 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 Alpha 11 17.5 101.62
Production needs (meters of fabric) 6,625 10,000 11,500 26,250 40,000 63,750 75,000 71,500 39,000 28,000 12,500 32,500 416,625 10,000 A/P at December 31 $400,000.00
add Payment of DM 100% in the following month
desired ending invnetory 50.00 57.50 131.25 200.00 318.75 375.00 357.50 195.00 140.00 62.50 162.50 50.00 50.00 -
Tango

less
beginning inventory 33.13 50.00 57.50 131.25 200.00 318.75 375.00 357.50 195.00 140.00 62.50 162.50 33.13
The Tango shirt uses 4.63 linear feet of fabric but also incurs 0.37 linear feet of wasted fabric during the manufacturing process. This fabric has a cost of $1.00 per linear foot.
Required production in feet 6,642 10,008 11,574 26,319 40,119 63,806 74,983 71,338 38,945 27,923 12,600 32,388 416,642 The Bravo uses 5.5 linear feet of fabric but has a waste factor of 9% during production. The cost of the Bravo fabric is $1.25 per linear foot.
Cost per feet 1 1 1 1 1 1 1 1 1 1 1 1 1 The Alpha uses 9 linear feet of fabric but has a waste factor of 2 linear feet during production. The cost of the fabric is $1.50 per linear foot
Cost of the fabric 6,642 10,008 11,574 26,319 40,119 63,806 74,983 71,338 38,945 27,923 12,600 32,388 416,642
Cost of the GPS 9,275 14,000 16,100 36,750 56,000 89,250 105,000 100,100 54,600 39,200 17,500 45,500 583,275
Total Cost 15,917 24,008 27,674 63,069 96,119 153,056 179,983 171,438 93,545 67,123 30,100 77,888 999,917

Month January February March April May June July August September October November December TOTAL January
Required production (units) 862 1,300 1,495 3,413 5,200 8,288 9,750 9,295 5,070 4,710 12,800 18,500 80,682 5,000
material per unit 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00 11.00
Production needs (meters of fabric) 9,482 14,300 16,445 37,538 57,200 91,163 107,250 102,245 55,770 51,810 140,800 203,500 887,502 55,000
add
desired ending invnetory 71.50 82.23 187.69 286.00 455.81 536.25 511.23 278.85 259.05 704.00 1,017.50 275.00 275.00 -
Alpha

less
beginning inventory 186.45 71.50 82.23 187.69 286.00 455.81 536.25 511.23 278.85 259.05 704.00 1,017.50 186.45

Required production in feet 9,367 14,311 16,550 37,636 57,370 91,243 107,225 102,013 55,750 52,255 141,114 202,758 887,591
Cost per feet 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50 1.50
Cost of the fabric 14,051 21,466 24,826 56,454 86,055 136,864 160,837 153,019 83,625 78,382 211,670 304,136 1,331,386
Cost of the GPS and Healthtracker 13,792 20,800 23,920 54,600 83,200 132,600 156,000 148,720 81,120 75,360 204,800 296,000 1,290,912
Total Cost 27,843 42,266 48,746 111,054 169,255 269,464 316,837 301,739 164,745 153,742 416,470 600,136 2,622,298

Month January February March April May June July August September October November December TOTAL January
Required production (units) 3,390 4,200 4,560 8,100 11,400 17,100 19,800 18,960 11,160 8,520 4,800 9,600 121,590 4,200
material per unit 5.995 5.995 5.995 5.995 5.995 5.995 5.995 5.995 5.995 5.995 5.995 5.995 5.995 5.995
Production needs (meters of fabric) 20,323 25,179 27,337 48,560 68,343 102,515 118,701 113,665 66,904 51,077 28,776 57,552 728,932 25,179
add
desired ending invnetory 125.90 136.69 242.80 341.72 512.57 593.51 568.33 334.52 255.39 143.88 287.76 125.90 125.90 -
Bravo

less
beginning inventory 101.62 125.90 136.69 242.80 341.72 512.57 593.51 568.33 334.52 255.39 143.88 287.76 101.62

Required production in feet 20,347 25,190 27,443 48,658 68,514 102,595 118,676 113,431 66,825 50,966 28,920 57,390 728,956
Cost per feet 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.25
Cost of the fabric 25,434.16 31,487.24 34,304.14 60,823.02 85,642.32 ### ### ### 83,531.33 63,707.37 36,149.85 71,737.67 911,195.41
Cost of the GPS 23,730.00 29,400.00 31,920.00 56,700.00 79,800.00 ### ### ### 78,120.00 59,640.00 33,600.00 67,200.00 851,130.00
Total Cost 49,164 60,887 66,224 117,523 165,442 247,944 286,945 274,509 161,651 123,347 69,750 138,938 1,762,325

Total Direct Materials in $ 92,924 127,161 142,644 291,645 430,816 670,465 783,765 747,686 419,942 344,212 516,320 816,961 5,384,540

Cash Disbursement (Total)

Month January February March April May June July August September October November December TOTAL January
A/P in December 400,000 400,000
January Purchases 92,924 92,924
February Purchases 127,161 127,161
March Purchases 142,644 142,644
April Purchases 291,645 291,645
May Purchases 430,816 430,816
June Purchases 670,465 670,465
July Purchases 783,765 783,765
August Purchases 747,686 747,686
September Purchases 419,942 419,942
October Purchases 344,212 344,212
November Purchases 516,320 516,320
December Purchases - 816,961
Total Cash Disbursement 400,000 92,924 127,161 142,644 291,645 430,816 670,465 783,765 747,686 419,942 344,212 516,320 4,967,579

Budgeted ending payable amount

816,961
at the end of December 31

Category Waste of fabric

Tango
Alpha
Bravo
 T.A.B
Direct Lab
For the year end

Month January February March April May

Tango & Bravo

Required production (units) 4,715.00 6,200.00 6,860.00 13,350.00 19,400.00

Hours needed per unit 0.25 0.25 0.25 0.25 0.25
Total Hours 1,178.75 1,550.00 1,715.00 3,337.50 4,850.00

Wage rate (fixed) 25 25 25 25 25

Wage Rate (variable) 0.1 0.1 0.1 0.1 0.1
Total DL (in $$) 29,940.25 39,370.00 43,561.00 84,772.50 123,190.00

Month January February March April May

Required production (units) 862.00 1,300.00 1,495.00 3,412.50 5,200.00
Hours needed per unit 0.5 0.5 0.5 0.5 0.5
Alpha

Total Hours 431.00 650.00 747.50 1,706.25 2,600.00

Wage rate (fixed) 25 25 25 25 25

Wage Rate (variable) 0.1 0.1 0.1 0.1 0.1
Total DL (in $$) 10,861.20 16,380.00 18,837.00 42,997.50 65,520.00

Total DL (in $$) 40,801.45 55,750.00 62,398.00 127,770.00 188,710.00

 T.A.B. Shirts
Direct Labor budget
For the year ended December 31

June July August September October November December

29,850.00 34,800.00 33,260.00 18,960.00 14,120.00 7,300.00 16,100.00

0.25 0.25 0.25 0.25 0.25 0.25 0.25
7,462.50 8,700.00 8,315.00 4,740.00 3,530.00 1,825.00 4,025.00

25 25 25 25 25 25 25
0.1 0.1 0.1 0.1 0.1 0.1 0.1
189,547.50 220,980.00 211,201.00 120,396.00 89,662.00 46,355.00 102,235.00

June July August September October November December

8,287.50 9,750.00 9,295.00 5,070.00 4,710.00 12,800.00 18,500.00
0.5 0.5 0.5 0.5 0.5 0.5 0.5
4,143.75 4,875.00 4,647.50 2,535.00 2,355.00 6,400.00 9,250.00

25 25 25 25 25 25 25
0.1 0.1 0.1 0.1 0.1 0.1 0.1
104,422.50 122,850.00 117,117.00 63,882.00 59,346.00 161,280.00 233,100.00

293,970.00 343,830.00 328,318.00 184,278.00 149,008.00 207,635.00 335,335.00

TOTAL January

204,915.00 6,200.00
0.25 0.25
51,228.75 1,550.00

25 25
0.1 0.1
1,301,210.25 39,370.00

TOTAL January
80,682.00 5,000.00
0.5 0.5
40,341.00 2,500.00

25 25
0.1 0.1
1,016,593.20 63,000.00

2,317,803.45 102,370.00
The Tango and the Bravo take on average 15 minutes per shirt to make. The Alpha takes 30 minutes. Kelsey pays her staff $25
 T.A.B.
MOH B
For the year ende

January February March April

Required production (units) 5,577 7,500 8,355 16,763
V- MOH rate 3.25 3.25 3.25 3.25
V-MOH costs 18,125 24,375 27,154 54,478

Fixed MOH 75,000 75,000 75,000 75,000

Total MOH costs 93,125 99,375 102,154 129,478

less
Non-cash MOH expense - 18,750 - 18,750 - 18,750 - 18,750
- 6,250 - 6,250 - 6,250 - 6,250

Cash Disbursement (MOH) 68,125 74,375 77,154 104,478

 T.A.B. Shirts
MOH Budget
For the year ended December 31

May June July August September October November December Total

24,600 38,138 44,550 42,555 24,030 18,830 20,100 34,600 285,597
3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25 3.25
79,950 123,947 144,788 138,304 78,098 61,198 65,325 112,450 928,190

75,000 75,000 75,000 75,000 75,000 75,000 75,000 75,000 900,000

154,950 198,947 219,788 213,304 153,098 136,198 140,325 187,450 1,828,190

- 18,750 - 18,750 - 18,750 - 18,750 - 18,750 - 18,750 - 18,750 - 18,750 - 225,000

- 6,250 - 6,250 - 6,250 - 6,250 - 6,250 - 6,250 - 6,250 - 6,250 - 75,000

129,950 173,947 194,788 188,304 128,098 111,198 115,325 162,450 1,528,190

January Mixed Cost MOH formula y=3.25x + 75,000
- MOH includes depreciation expense
Depreciable Building value 4,500,000.00
- Lifetime-Building 20.00
Depreciable Equipment value 750,000.00
Lifetime-Equipment 10.00
Monthly Depreciation-Building 18,750.00
Monthly Depreciation-Building 6,250.00
 T.A.B. Shirts
Finished Goods Invenotry Budget
For the year ended December 31
Tango Alpha Bravo Total
Expected Ending FG Inventory
Production costs - per unit 75 419 90 584
Quantity COST TOTAL
Direct Materials-fabric 5.00 feet 1.00 5.00
Direct Materials-GPS 1.00 shirt 7.00 7.00
Direct Labor-fixed 0.25 HRS 25.00 6.25
Tango

Direct Labor-variable 1.00 shirt 0.10 0.10

MOH 1.00 shirt 6.40 6.40
24.75 per unit cost
Direct Materials 11.00 feet 1.50 16.50
Direct Materials-GPS 1.00 shirt 7.00 7.00
Direct Materials-Health Tracker 1.00 shirt 9.00 9.00
Alpha

Direct Labor 0.25 HRS 25.00 6.25

Direct Labor-variable 1.00 shirt 0.10 0.10
MOH 1.00 shirt 6.40 6.40
45.25 per unit cost
Direct Materials 6.00 feet 1.25 7.49
Direct Materials-GPS 1.00 shirt 7.00 7.00
Direct Labor 0.50 HRS 25.00 12.50
Bravo

Direct Labor-variable 1.00 shirt 0.10 0.10

MOH 1.00 shirt 6.40 6.40
33.50 per unit cost

Ending FG in units 1,120.00

Unit cost 103.50
Ending FG inventory 115,917.35

Total est. MOH 1,828,190 6.401

Total Est. base 285,597
 Budgeted sales in units-VISA
Card fee on selling price

Tango
Budgeted sales in units-MasterCard
Card fee on selling price
Selling Commission (per shirt)
V- S& Admin expense
Budgeted sales in units

Alpha
Selling Commission (per shirt)
V- S& Admin expense
Budgeted sales in units-VISA
Card fee on selling price
Bravo

Budgeted sales in units-MasterCard

Card fee on selling price
Selling Commission (per shirt)
V- S& Admin expense

Total V- S & Admin expense

Fixed S & A

Total Cash Disbursement- S&A

 T.A.B. Shirts
Selling and Admin Budget
For the year ended December 31

January February March April May June July August

1,062.50 1,700.00 1,700.00 4,250.00 6,375.00 10,625.00 12,750.00 12,750.00

0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35
187.50 300.00 300.00 750.00 1,125.00 1,875.00 2,250.00 2,250.00
0.53 0.53 0.53 0.53 0.53 0.53 0.53 0.53
3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50
4,845.31 7,752.50 7,752.50 19,381.25 29,071.88 48,453.13 58,143.75 58,143.75
813.00 1,300.00 1,300.00 3,250.00 4,875.00 8,125.00 9,750.00 9,750.00
3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50
2,845.50 4,550.00 4,550.00 11,375.00 17,062.50 28,437.50 34,125.00 34,125.00
2,805.00 3,570.00 3,570.00 6,630.00 9,180.00 14,280.00 16,830.00 16,830.00
0.45 0.45 0.45 0.45 0.45 0.45 0.45 0.45
495.00 630.00 630.00 1,170.00 1,620.00 2,520.00 2,970.00 2,970.00
0.675 0.675 0.675 0.675 0.675 0.675 0.675 0.675
3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.50
13,146.38 16,731.75 16,731.75 31,073.25 43,024.50 66,927.00 78,878.25 78,878.25

20,837.19 29,034.25 29,034.25 61,829.50 89,158.88 143,817.63 171,147.00 171,147.00

7,500 7,500 57,500 7,500 7,500 57,500 7,500 7,500

28,337 36,534 86,534 69,330 96,659 201,318 178,647 178,647

September October November December Total

6,800.00 5,100.00 1,700.00 5,950.00 70,762.50

0.35 0.35 0.35 0.35 0.35
1,200.00 900.00 300.00 1,050.00 12,487.50
0.53 0.53 0.53 0.53 0.53
3.50 3.50 3.50 3.50 3.50
31,010.00 23,257.50 7,752.50 27,133.75 322,697.81
5,200.00 3,900.00 12,000.00 20,000.00 80,263.00
3.50 3.50 3.50 3.50 3.50
18,200.00 13,650.00 42,000.00 70,000.00 280,920.50
9,690.00 7,650.00 3,570.00 8,670.00 103,275.00
0.45 0.45 0.45 0.45 0.45
1,710.00 1,350.00 630.00 1,530.00 18,225.00
0.675 0.675 0.675 0.675 0.675
3.50 3.50 3.50 3.50 3.50
45,414.75 35,853.75 16,731.75 40,634.25 484,025.63

94,624.75 72,761.25 66,484.25 137,768.00 1,087,643.94

57,500 7,500 7,500 57,500 290,000

152,125 80,261 73,984 195,268 1,377,644

 January February March
Beginning cash balance 50,000 311,897 384,558
add - cash collections 799,161 332,245 369,500
Total cash available 849,161 644,141 754,058

Less disbursements
Materials 400,000 92,924 127,161
Direct Labor 40,801 55,750 62,398
MOH 68,125 74,375 77,154
Selling and Admin 28,337 36,534 86,534
Payment for GSP
Investment
Total disbursements 537,264 259,583 353,247

Excess (deficiency) of cash 311,897 384,558 400,811

financing
Borrowing
Repayments -
Interest - -
Total financing - - -

Ending Cash Balance 311,897 384,558 400,811

- 601,447
 T.A.B. Shirts'
Cash Budget
For the year ended December 31

April May June July August September October November

400,811 609,665 941,263 56,713 708,754 1,474,471 1,345,360 1,630,902
653,075 1,038,563 1,635,500 2,120,438 2,244,750 1,583,075 1,045,950 659,350
1,053,886 1,648,228 2,576,763 2,177,151 2,953,504 3,057,546 2,391,310 2,290,252

142,644 291,645 430,816 670,465 783,765 747,686 419,942 344,212

127,770 188,710 293,970 343,830 328,318 184,278 149,008 207,635
104,478 129,950 173,947 194,788 188,304 128,098 111,198 115,325
69,330 96,659 201,318 178,647 178,647 152,125 80,261 73,984

1,500,000 500,000
444,221 706,964 2,600,050 1,387,729 1,479,033 1,712,186 760,408 741,157

609,665 941,263 - 23,287 789,421 1,474,471 1,345,360 1,630,902 1,549,095

80,000
- - - 80,000 - - - -
- - - 667 - - - -
- - 80,000 - 80,667 - - - -

609,665 941,263 56,713 708,754 1,474,471 1,345,360 1,630,902 1,549,095

December Total January
1,549,095 50,000
1,792,000 14,273,605
3,341,095 14,323,605

516,320 4,967,579
335,335 2,317,803
162,450 1,528,190
195,268 1,377,644
300,000 300,000
2,000,000
1,509,373 12,491,216

1,831,722 1,832,389

80,000
- 80,000
- 667
- - 667

1,831,722 1,831,722
Kelsey pays herself a dividend of $50,000 at the end of each quarter.
Other Pending Investments
Kelsey is thinking of two separate investments. The first, Fannie Fabric, is offering 20% stake in the company for $2,000,000.
The second opportunity would be to pre-pay for part of her yearly supply the GSP trackers at a discount. Kelsey figures she wo
Financing
Kelsey has an internal policy to have a minimum bank balance of $50,000. Should the cash balance fall below this level, she w
Repayments are always done for the full loan amount (no partial repayments).
The beginning cash balance January 1st is $50,000
ld be done in June and $500,000 in September.

he month and repayments are done at the end of the month. Interest is paid at the time of repayment.