Fill in the blank amounts in this cash budget. The company requires a minimum cash balance...
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Fill in the blank amounts in this cash budget. The company requires a minimum cash balance of 10 to start a quarter. This problem ignores interest income or expense. Cash Balance, Beginning Add: Payments from Customers Total Cash Available Less Disbursements: Purchase of inventory Operating Expenses Equipment Purchases Dividends Total Disbursements Cash Available before Financing Net Financing Cash Balance, Ending 1st QTR 30 31 39 0 0 70 2nd QTR 3rd QTR 10 69 20 10 6 67 84 40 20 0 2 25 (3) 13 10 4th QTR 10 81 91 40 25 6 75 10 Fill in the blank amounts in this cash budget. The company requires a minimum cash balance of 10 to start a quarter. This problem ignores interest income or expense. Cash Balance, Beginning Add: Payments from Customers Total Cash Available Less Disbursements: Purchase of inventory Operating Expenses Equipment Purchases Dividends Total Disbursements Cash Available before Financing Net Financing Cash Balance, Ending 1st QTR 30 31 39 0 0 70 2nd QTR 3rd QTR 10 69 20 10 6 67 84 40 20 0 2 25 (3) 13 10 4th QTR 10 81 91 40 25 6 75 10
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Related Book For
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb
Posted Date:
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