Question

One of your duties as an employee of Zitroe company is to prepare the cash budget for the period from 1 january to 30 june 2024. Prepare forecasted cash received schedule

Answer 1

To prepare a forecasted cash received schedule for Zitroe Company, you need to estimate all expected cash inflows from January 1 to June 30, 2024, and consider factors like sales forecasts and payment patterns.

Step-by-step explanation:

The cash budget is a financial plan that estimates the cash inflows and outflows over a specific period of time. To prepare a forecasted cash received schedule for Zitroe Company from January 1 to June 30, 2024, you would need to estimate all expected cash receipts during this period. This includes cash sales, collections on credit sales, loans, and other cash inflows.

While doing so, it's essential to consider historical data, sales forecasts, payment patterns of customers, and seasonal fluctuations that may affect cash inflows. The forecasted cash receipts schedule will help Zitroe Company plan for sufficient liquidity to cover upcoming expenses and investments.