Below is the abbreviated cash budget for XYZ Pty Ltd. Beginning Cash Balance 25,000 Estimated Cash Receipts
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Question:
Below is the abbreviated cash budget for XYZ Pty Ltd.
Beginning Cash Balance | 25,000 | |
Estimated Cash Receipts | ||
Cash Available | 365,000 | |
Estimated Cash Payments | ||
Purchases | 150,000 | |
Operating Expenses | ||
Office Equipment Purchases | 25,000 | |
Total Estimated Cash Payments | ||
Ending Cash Balance | 150,000 |
(a) Calculate the amount of Estimated Cash Receipts, Operating Expenses, and Total Estimated Cash Payments.
(b) What action if any should XYZ Pty Ltd take as a result of preparing this budget? Briefly justify your answer.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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