Below are the forecasted receipts and cash payments from Atlanta Company for the first four months...
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Below are the forecasted receipts and cash payments from Atlanta Company for the first four months of the year: January February March April Budgeted Cash Collections $702,000 $339,000 $399,000 $501.000 Budgeted Cash Payments Operating Expenses $453.000 $927.000 S677,000 $295.000 Dividends $62.000 $725,000 Equipment Purchases Total Budgeted Cash Payments $453,000 5989.000 $1.402.000 $295,000 On January 1. Atlanta Company had a cash balance of$618,000. Atlanta Company implemented a new policy this year mandating a cash balance of at least $150,000 at the end of each month and using any surplus to pay down loans. How much of its outstanding loans must Atlanta Company plan to repay in April? O $300,000 O $206,000 $936,000 $0 $150.000 Below are the forecasted receipts and cash payments from Atlanta Company for the first four months of the year: January February March April Budgeted Cash Collections $702,000 $339,000 $399,000 $501.000 Budgeted Cash Payments Operating Expenses $453.000 $927.000 S677,000 $295.000 Dividends $62.000 $725,000 Equipment Purchases Total Budgeted Cash Payments $453,000 5989.000 $1.402.000 $295,000 On January 1. Atlanta Company had a cash balance of$618,000. Atlanta Company implemented a new policy this year mandating a cash balance of at least $150,000 at the end of each month and using any surplus to pay down loans. How much of its outstanding loans must Atlanta Company plan to repay in April? O $300,000 O $206,000 $936,000 $0 $150.000
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The correct answer is 206000 Computation Particulars April A Opening balance As per new polic... View the full answer
Related Book For
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
Posted Date:
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