A firm has estimated the following two month cash budget What is the cash surplus or deficit for these two months Mar Apr Sales 120 130 Cash collection 84 0 90 0 Total cash disbursement 90 0 85 0 Net cash flow 6 0 5 0 Cumulative net cash flow 15 0 Minimum cash balance 10 0 10 0 Cash surplus or defi...

A firm has estimated the following two month cash budget. What is the cash surplus or deficit

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A firm has estimated the following two month cash budget. What is the cash surplus or deficit for these two months?

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Finance Applications and Theory

ISBN: 978-0077861681

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Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:52 AM

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A firm has estimated the following two month cash budget. What is the cash surplus or deficit

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Mar Apr Sales 120 130 Cash collection 84.0 90.0 Total cash disbursement 90.0 85.0 Net cash flow -6.0 5.0 Cumulative net cash flow -15.0 ? Minimum cash balance 10.0 10.0 Cash surplus or deficit ? ?

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Finance Applications and Theory

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