Acct301 week2

6 The accountant for Finch's Dress Shop prepared the following cash budget Finch's desires to maintain a cash cushion of $20,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 2 percent per month. 5 points Required a. Complete the cash budget by filling In the missing amounts. b. Determine the amount of net cash flows from operating activities Finch's will report on the third quarter pro forma statement of cash flows. C. Determine the amount of net cash flows from financing activities Finch's will report on the third quarter pro forma statement of cash flows. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A Req B and C Determine the amount of net cash flows from both operating and financing activities Finch's will report on the third quarter pro forma statement of cash flows. (Round intermediate calculations and final answers to the nearest whole dollar amount.) b Net cash (operating activities) inflow X $ 36.400 X Net cash (financing activities) outflow X $ 10,900