Question
MNO Corporation prepares the following cash budget for the month of May: Item Amount ($) Beginning Cash Balance 12,000 Cash Receipts (Sales) 70,000 Cash Payments
MNO Corporation prepares the following cash budget for the month of May:
Item | Amount ($) |
Beginning Cash Balance | 12,000 |
Cash Receipts (Sales) | 70,000 |
Cash Payments (Expenses) | 40,000 |
Ending Cash Balance | ? |
Required:
- Calculate the ending cash balance for MNO Corporation.
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
