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A company is preparing its cash budget for the coming month. 75% sales are made on account. Given the following: Beginning Budgeted Balances Amounts Cash
A company is preparing its cash budget for the coming month. 75% sales are made on account. Given the following: Beginning Budgeted Balances Amounts Cash $ 50,000 Accounts receivable 180,000 Sales $800,000 Cash disbursements 780,000 Depreciation 25,000 Ending accounts receivable balance 210,000 What is the expected cash balance of the company at the end of the coming month
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