Explain the role of cash budget. 2.2 Using the below information, complete the following cash budget. Assume
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Question:
Explain the role of cash budget.
2.2 Using the below information, complete the following cash budget. Assume that all credit purchases are paid one month after the purchase.
October | November | December | |
Beginning cash balance | |||
Cash receipts | |||
Cash collections from credit sales | |||
Total cash available | |||
Cash disbursements | |||
Payments for purchases | |||
Wages, taxes, and other expenses | |||
Interest and dividend payments | |||
Capital expenditures | |||
Total cash disbursements | |||
Ending cash balance |
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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