In my Week 3/Day 2 message I gave the example of a company with $1M in expected
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Question:
In my Week 3/Day 2 message I gave the example of a company with $1M in expected May sales and how they forecast receiving $500k in cash during the Month of May. To add to this example, lets assume they started May with a Cash Balance of $200k, and have forecasted Cash Outflows of $450k. The May forecast would then look like:
Starting Balance: $200,000
Expected collections: $500,000
Expected disbursements: $450,000
Ending Cash Balance: $250,000
What would happen however if the forecasted outflows -the total bills due- was $750,000 instead of $450,000?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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