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Ariel Johns provides the following budgets for cash receipts and cash disbursements for the year 2020 on a quarterly basis. The ending cash balance on
Ariel Johns provides the following budgets for cash receipts and cash disbursements for the year 2020 on a quarterly basis. The ending cash balance on December 31, 2019 was $18,500.
Q1 | Q2 | Q3 | Q4 | Total | |
Receipts | $30,000 | $25,000 | $20,000 | $45,000 | $120,000 |
Disbursements | $12,000 | $32,000 | $20,000 | $32,000 | $96,000 |
Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. a) Calculate the net cash flow for each quarter.
Q1 | Q2 | Q3 | Q4 | |
Receipts | $Answer | $Answer | $Answer | $Answer |
Disbursements | $Answer | $Answer | $Answer | $Answer |
Net Cash Flow | $Answer | $Answer | $Answer | $Answer |
b) Calculate the ending cash balance for each quarter.
Q1 | Q2 | Q3 | Q4 | |
Opening Balance | $Answer | $Answer | $Answer | $Answer |
Net Cash Flow | $Answer | $Answer | $Answer | $Answer |
Ending Balance | $Answer | $Answer | $Answer | $Answer |
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