A company is preparing its cash budget for the coming month. 75% sales are made on...
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A company is preparing its cash budget for the coming month. 75% sales are made on account. Given the following: Cash Accounts receivable Sales Cash disbursements Depreciation Beginning Balances $ 50,000 180,000 Ending accounts receivable balance Budgeted Amounts $800,000 780,000 25,000 210,000 What is the expected cash balance of the company at the end of the coming month? A company is preparing its cash budget for the coming month. 75% sales are made on account. Given the following: Cash Accounts receivable Sales Cash disbursements Depreciation Beginning Balances $ 50,000 180,000 Ending accounts receivable balance Budgeted Amounts $800,000 780,000 25,000 210,000 What is the expected cash balance of the company at the end of the coming month?
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Answer rating: 100% (QA)
Step 1 Calculate the total cash inflows Cash sales 25 of sales are made in cash so 025 800000 200000 ... View the full answer
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
Posted Date:
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