Current Attempt in Progress The beginning cash balance is $ 1 6 , 0 0 0 Sales are forecasted at $ 8 2 0 , 0 0 0 of which 8 0 will be on account Seventy percent of credit sales are expected to be collected in the year of sale Cash expenditures for the year are forecasted at $ 4 7 7 , 0 0 0 Accounts Receivable from previous accounting periods totaling $ 9 , 4 0 0 will be collected in the current year The company is required to make a $ 1 8 , 0 0 0 loan payment and an annual interest payment on the last day of every year The loan balance as of the beginning of the year is $ 9 0 , 0 0 0 , and the annual interest rate is 8 Compute the excess of available cash over cash disbursements Excess of available cash over cash disbursements $

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Current Attempt in Progress The beginning cash balance is $ 1 6 , 0 0 0   Sales are forecasted at $ 8 2 0 , 0 0 0 of which 8 0   will be on account  Seventy percent of credit sales are expected to be collected in the year of sale  Cash expenditures for the year are forecasted at $ 4 7 7 , 0 0 0   Accounts Receivable from previous accounting periods totaling $ 9 , 4 0 0 will be collected in the current year  The company is required to make a $ 1 8 , 0 0 0 loan payment and an annual interest payment on the last day of every year  The loan balance as of the beginning of the year is $ 9 0 , 0 0 0 , and the annual interest rate is 8     Compute the excess of available cash over cash disbursements  Excess of available cash over cash disbursements $

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Question: Current Attempt in Progress The beginning cash balance is $ 1 6 , 0 0 0 . Sales are forecasted at $ 8 2 0

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