Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AgBiz1 is constructing their pro forma cash flow budget. Look at the assumptions and fill in the table below with the missing cash inflow data

image text in transcribed
image text in transcribed
AgBiz1 is constructing their pro forma cash flow budget. Look at the assumptions and fill in the table below with the missing cash inflow data Give data as whole dollars, with no dollar symbol. In the next question (part B) you will describe how you calculated the numbers. Assumptions: 1. Sales are 25% cash and 75% on credit. 2. Accounts Receivable (A/R) Turnover =12. In other words, all credit sales are collected within 30 days. AgBiz1 is constructing their pro forma cash flow budget. In part A of the question you filled in missing cash inflow data. 1. How did you calculate the cash sales for May and for June? 2. How did you calculate the credit sales at 30 days old (May) and at 60 days old (June)? 3. How did you calculate the total cash inflows for April and for June

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Audits For Continuous Business Improvement

Authors: Parbatee Chang

2nd Edition

1507679483, 978-1507679487

More Books

Students also viewed these Accounting questions

Question

=+d. If one person is selected at random from this region,

Answered: 1 week ago

Question

What lessons in intervention design, does this case represent?

Answered: 1 week ago