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Cash Inflows
Room
2 bedroom (2 kings/room)
10 executive suites
Apr-May
Price/Occupancy
Rate
June-Aug
Price/Occupancy
Rate
Sept.-Nov.
Price/Occupancy Rate
10
$58 / 85%
$40 / 50%
$58 / 75%
$45 / 55%
60
$70 / 80%
$48 / 55%
$70 / 80%
$50 / 58%
20
$80 / 78%
$60 / 40%
$80 / 88%
$64 / 60%
10
$120 / 95%
$90 / 45%
$120 / 100%
$95 / 65%
yr
op
Qty
On your cash budget, be sure to show each room types cash flow individually (and total for all rooms by month)
ht
ig
ed
Vending machines: $200/monthly -> Jan-Mar, Sept.- Dec.; $320/monthly (Apr - Aug) Revenue is collected in the
month of sale.
Conference Room rental rate = $150 daily (Jan - May, Sept - Dec); $180 daily (June - Aug.) occupancy rate (25% of
1
days in Jan - May, Sept - Dec; 35% of the days in June - Aug) -- Revenue is collected in the month of the rental.
For the room revenue, 30% are cash sales; 70% are credit sales. Of the credit sales, 40% of the credit sales are
collected in the month of sale while 25% are collected one month later; the balance two months later. Total room
revenue for November and December of 2011 was 115,000 and 185,000, respectively.
12
20
Cash Outflows
Mortgage ($12,000/monthly)
Payroll expenses (Jan. - May, Sept - Dec. = $135,000/monthly; June - Aug. = $150,000/monthly )
Insurance (quarterly payments of $9,300 on March 1, June 1, Sept. 1, and Dec. 1)
Utilities (Jan - Mar, Nov. - Dec. = $3,900/month; Apr. - Oct = $2,900/month)
Professional Services ($1,900/month)
Bonus to Desk Manager ($400/monthly if monthly room revenues > $180,000 for Jan - May, Sept. - Dec.; > $195,000
for June - Aug.)
You want to maintain at least $15,000 in your bank account. Any balance less than $15,000 you need to borrow from
your line of credit.
What is the highest cumulative amount that needs to be borrowed during this 12 month period? Use the roundup function
to round this amount to the highest thousand dollar amount (e.g. 12,400 would become 13,000).
As usual, use only functions and formulas along with proper formatting in preparing this cash budget. DO NOT have any
numbers in formulas. Results should be to the nearest dollar.