Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2013....

 

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Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information from the cash receipts and cash disbursements budgets are available: Cash receipts Cash disbursements January $50,000 42,000 February $72,000 75,000 March $80,000 71,000 The company has a beginning cash balance on January 1, 2013 of $5,000. No other receipts and disbursements in the first quarter are expected. What is the cash balance at the end of March expected to be? Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information from the cash receipts and cash disbursements budgets are available: Cash receipts Cash disbursements January $50,000 42,000 February $72,000 75,000 March $80,000 71,000 The company has a beginning cash balance on January 1, 2013 of $5,000. No other receipts and disbursements in the first quarter are expected. What is the cash balance at the end of March expected to be?

Answer rating: 100% (QA)

The cash balance at the end of March January Cash receipts 50000 Cash disburs... View the full answer