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Acc 311 final project ii

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Brian Moskow ACC 311 Organizational Financial Analysis of SRS Educational Supply Company Overview This Organizational Financial Analysis of SRS Educational Supply Company will provide insight to budgets that are needed to ensure its profitability. We will do so by creating a budget for each of SRS Educational Supply Company’s departments: sales, purchasing, operations, and finance. A pro forma budgeted income statement and balance sheet will also be included to help explain the company’s current performance level, which will allow us to see whether SRS should continue its operations. Sales Budget Sales Budget July Sales $ 600,000 August $ 910,000 September $ 475,000 Quarter $ 1,985,000 Schedule of Expected Cash Collections • Total Sales for the Quarter = $1,985,000 • A/R at the end of the Quarter = $332,500 Schedule of Cash Collections July August September Quarter June sales (A/R From Beginning Balance Sheet) 340,000 340,000 July sales - Collected in Current Month 180,000 180,000 July sales - Collected in Following Month 420,000 420,000 August sales - Collected in Current Month 273,000 273,000 August sales - Collected in Following Month 637,000 637,000 September sales - Collected in Current Month 142,500 142,500 Total Expected Cash Collections $ 520,000 $ 693,000 $ 779,500 $ 1,992,500 Inventory Purchase Budget Merchandise Purchase Budget July Sales Cost of Merchandise as % of Sales $ 600,000 45% August $ 910,000 45% Sept ...
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