Question
A company has the following cash flow data: Beginning cash balance: $10,000 Cash receipts: $100,000 Cash disbursements: $90,000 Desired ending cash balance: $15,000 Requirements: (a)
A company has the following cash flow data:
- Beginning cash balance: $10,000
- Cash receipts: $100,000
- Cash disbursements: $90,000
- Desired ending cash balance: $15,000
(a) Prepare the cash budget. (b) Determine the cash surplus or deficit. (c) Analyze the impact of cash budgeting on financial planning. (d) Discuss the importance of cash budgeting.
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Principles Of Accounting
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
978-0077300456, 0077300459
