Answer:
1. The La Famiglia Pizzeria cash receipt expected in October, 2019 is $ 9,404,047.00
2. The La Famiglia Pizzeria cash needed in October to pay for food & supplies in October, 2019 is $29,000.00.
3. The La Famiglia Pizzeria Cash Budget in October, 2019 is demonstrated bellow in the Step-by-Step explanation section.
Step-by-Step Explanation:
THE CASH BUDGET OF LA FAMIGLIA PIZZERIA FOR THE MONTH OF OCTOBER 2019 ($)
Opening 2,147.00
Cash at Hand 9,106,000.00
Add Purchases 29,000.00
<em>Cost of Goods available for Sale </em> 9,137,147.00
Add: Cash Sales (85%) 157,000.00
Paid for credit sales 109,900.00
Cost of Goods Sold 9,404,047.00
<em>Less Operating Expenses</em>
Salaries 6,000.00
Wages (90% of &7,300) 6,570.00
Utilities 5,950.00
Rent 4,100.00
Insurance 1,200.00
<em>Total 23,820.00</em>
Gross Profit 916,627.00
