Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to solved this questions. I had done half part of them. gan a job as an ac he budget file crashed, and you did

How to solved this questions. I had done half part of them.

image text in transcribed
gan a job as an ac he budget file crashed, and you did not have a backup or even a hard copy You ran a program to salvage bits of data from the budget file. After entering a in the budget, you may have just enough information to reconstruct the budget. February and March con to view information on borrowing cash.) February Beginning cash balance 16,700 following cash budget Cash collections. Cash from sale of plant assets with a zero balance, make sure to enter "0" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses. Enter the net financing with a minus sign or parentheses when the amount is a net outflow. Round the interest expense to the nearest whole dollar.) Cash available 106,900 Cash payments Big Sky Adventures Ltd. Purchase of inventory 5 ? $ Cash Budget Operating expenses 47,200 February and March Total payments 97,300 February March (1) Ending cash balance before financing 16,700 41900 balance Minimum cash balance desired 25,000 90,200 80,30 2,300 Cash excess (deficiency) $ ? of plant assets 106,900 124500 Print Done 41,900 of inventory S 50,100 5 to) 47 200 xpenses n acco i Incomplete budget crashe et, you 4 er in the edit fields and then click Check Answer Clear All Check Answer aform Cash from sale of plant assets ing h bud Cash available 106 900 Cash payments. Purchase of inventory Operating expenses 47:20 Total payments 97,300 re fine sired (1) Ending cash balance before financing Minimum cash balance desired (similar to) cy: Cash excess (deficiency) Question Help nth) Financing of cash deficiency: in a job as an accounting intern at Big Sky Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the and Borrowing (at end of month) budget file crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering Principal repayments (at end of month) in the budget, you may have just enough information to reconstruct the budget. Interest expense on to view information on borrowing cash.) (2) Total effects of financing Ending cash balance (1) + (2) $ ? allowing cash budget. fields Print Done Inventory 50,100 5 11,900 enses 47,20 nts 97,300 alance before financing 9,600 27,80 25,000 as an accounting intern at Big Sky Adventures. Your first task was to help prepare the balance desired 25,000 file crashed, and you did not have a backup or even a hare copy hard copy You ran a program budget you may have just enough information to reconstruct the budget. deficiency) (15,400) 2 jew information on borrowing cash.) I cash budget. sh deficiency: end of month) $ 15,400 i More Info ayments (at end of month) inse financing 15,400 Big Sky Adventures eliminates any cash deficiency by borrowing the exact amount at the end of each month. The company also repays all borrowed amounts at the 25,000 becomes available. ce (1) + (2) Done in the edit fields and then click Check Answer ? Print Clear All Check

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

Organisational Behaviour In The Workplace

Authors: Jacqueline Mclean, Laurie Mullins

12th Edition

1292245484, 978-1292245485

Students also viewed these Accounting questions