A firm has estimated the following two month cash budget. What is the cash surplus or deficit
Question:
Mar | Apr | |
Sales | 75 | 68 |
Cash collection | 63.0 | 65.0 |
Total cash disbursement | 60.0 | 57.0 |
Net cash flow | 3.0 | 8.0 |
Cumulative net cash flow | 11.0 | ? |
Minimum cash balance | 3.0 | 3.0 |
Cash surplus or deficit | ? | ? |
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Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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