Question
Ariel's Caf provides the following budgets for cash receipts and cash disbursements for the year 2020 on a quarterly basis. The ending cash balance on
Ariel's Caf 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 | $27,000 | $25,000 | $18,000 | $59,000 | $129,000 |
| Disbursements | $16,000 | $29,000 | $13,000 | $26,000 | $84,000 |
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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A Textbook Of Cost And Management Accounting
Authors: M N Arora
11th Edition
9390470501, 978-9390470501
