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(note this is a new question, different from Kenny Ltd) Priska Ltd is expected to begin January with $50,000 cash. She forecasts that sales revenue
(note this is a new question, different from Kenny Ltd) Priska Ltd is expected to begin January with $50,000 cash. She forecasts that sales revenue in January will be $250,000, with cash sales representing half of this sales revenue, the other half is expected to be collected in February. She is scheduled to receive $17,000 cash on a bill receivable in January. Inventory purchases are expected to be $250,000 during January, however Priska Ltd will only pay for three quarters of these purchases during January. In addition overhead expenses of 5,000 are paid in January. She also pays $7200 in wages in January. Priska Ltd. requires a $50,000 minimum cash balance at the end of each month and the bank automatically extends credit to the store in multiples of $10,000 in the form of an overdraft (short term loan). Prepare Priska Ltd's cash budget for January. Enter all numbers in whole dollars (no cents) without dollar signs or commas
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