7 The monthly cash budgets for the second quarter of 2019 follow (5000 omitted) for Forest Hills Mfg.Co. A minimum cash balance of $19,000 is required to start each month, and a $50,000 line of credit has been arranged with a local bank at a 14% interest rate. 254 Required: Calculate the missing amounts. (Hint: The total cash available includes collections from customers for all three months, plus the beginning cash balance from April 2019) (Enter your answers in thousands rounded to 2 decimal places. (e. 20,550 should be entered as 20.55). Use 360 days a year for calculations.) Sood May June April . $ 20.00 Total $28.00 5 108.00 $ 9600 $ 15700 S 342.00 08.00 $ 18.00 Cash bace boginning Add collections from customers Toucas available Loodusement Purchase of inventory Operating in Captain Payment of dividende Totalsbursements Ency of cathwable Durdum Bonowing 5 5 $ 32.00 35.00 $ 7.00 4400 5 1100 34.00 S 300.00 310000 $ 120.00) 5 TOD - 5 18.00 $ e Preu Next 7 The monthly cash budgets for the second quarter of 2019 follow (5000 omitted) for Forest Hills Mfg.Co. A minimum cash balance of $19,000 is required to start each month, and a $50,000 line of credit has been arranged with a local bank at a 14% interest rate. 254 Required: Calculate the missing amounts. (Hint: The total cash available includes collections from customers for all three months, plus the beginning cash balance from April 2019) (Enter your answers in thousands rounded to 2 decimal places. (e. 20,550 should be entered as 20.55). Use 360 days a year for calculations.) Sood May June April . $ 20.00 Total $28.00 5 108.00 $ 9600 $ 15700 S 342.00 08.00 $ 18.00 Cash bace boginning Add collections from customers Toucas available Loodusement Purchase of inventory Operating in Captain Payment of dividende Totalsbursements Ency of cathwable Durdum Bonowing 5 5 $ 32.00 35.00 $ 7.00 4400 5 1100 34.00 S 300.00 310000 $ 120.00) 5 TOD - 5 18.00 $ e Preu Next