Question
A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances Budget Amounts Cash $
A company is preparing its cash budget for the coming month. All sales are on account. Given the following:
| Beginning Balances | Budget Amounts | ||||||
| Cash | $ | 62,000 | |||||
| Accounts Receivable | 182,000 | ||||||
| Sales | $ | 810,000 | |||||
| Cash disbursements | 800,000 | ||||||
| Depreciation | 26,000 | ||||||
| Ending accounts receivable balance | 212,000 | ||||||
What is the expected cash balance of the company at the end of the coming month? (CIA adapted)
a. $15,800.
b. $42,000.
c. $74,000.
d. $47,000.
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
