Chapter $8$ Homework

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Required $1$

Required $2$

Required $3$

Prepare the cash budget for Iguana. Assume the company can borrow in increments of $$1,000$ to maintain a $$10,000$ minimum cash balance. No interest is charged if the loan is paid off by the end of the next quarter

$\backslash$table$[[,,$April,,May,,June,$2$nd Quarter Total$],[$Beginning Cash Balance,$5,10\mathrm{.}200\mathrm{.}00,5,10\mathrm{.}027\mathrm{.}10,5,10\mathrm{.}530\mathrm{.}50,],[$Plus: Budgeted Cash Receipts,,$6\mathrm{.}312\mathrm{.}50,,7\mathrm{.}375\mathrm{.}00,,0\mathrm{.}750\mathrm{.}00,23\mathrm{.}437\mathrm{.}50],[$Less: Budgeted Cash Payments,,$8\mathrm{.}085\mathrm{.}40,,5\mathrm{.}871\mathrm{.}60,,6\mathrm{.}870\mathrm{.}60,20\mathrm{.}827\mathrm{.}60],[$Preliminary Cash Balance,s$,0\mathrm{.}027\mathrm{.}10,$s$,11\mathrm{.}530\mathrm{.}50,$s$,13\mathrm{.}409\mathrm{.}80,],[$Cash Borrowed$/$Repaid$,,1\mathrm{.}000\mathrm{.}00,,(1,000\mathrm{.}00),,,],[$Ending Cash Balance,s$,10\mathrm{.}027\mathrm{.}10,5,10,530\mathrm{.}50,$s$,13\mathrm{.}409\mathrm{.}80,]]$

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Part $2$ of $2$

$4$

$q,$

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