Southland company is preparing a cash budget for august. The company has $16300 cash at the beginning of august and anticipates $124200 in cash receipts snd $133800 in cash payments during august. Southland company wants to maintainba minimum cash balance of $10000. What is the  preliminary cash balance at the end of august before any loan activity?

Answer rating: 100% (QA)

To determine the preliminary cash balance at the end of August before any loan activ... View the full answer