Posted: June 6th, 2016

Using the information found in the case and the previous budgets, prepare a cash budget for Sweats Galore, Inc. for the year ended December 31, 2013. Sweats Galore, Inc.

Using the information found in the case and the previous budgets, prepare a cash budget for Sweats Galore, Inc. for the year ended December 31, 2013. Sweats Galore, Inc. Cash Budget For the Year Ended December 31, 2013 Quarter 1 2 3 4 Beginning cash balance Add: Receipts Collections from customers Total available cash Less: Disbursements Payments for shirt purchases Silk-screen labor Silk-screen overhead Selling and administrative expenses Payment for equipment purchase Total disbursements Excess (defi ciency) of available cash over disbursements Financing Borrowings Ending cash balance