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Only the areas in BLUE will be graded table [ [ , table [ [ % where ] , [ applicable ] ]
Only the areas in BLUE will be graded
tabletable whereapplicableMarch,April,May,June,Julyalesash salesag monthag monthsther incomeTotal cash receiptsisbursementsurchasesentVages and salariesividendsrincipal and interesturchase of new equipmentaxes dueTotal cash disbursementset cash flowdd: Beginning cashnding cashlinimum cashequired total financing notes payablexcess cash balance marketable securities
b
If the firm were to request a line of credit to cover needed financing for the period May, June and July, how large would this line have to be Explain your answer a
Marigold Corporation had actual sales in March and April. Forecasted sales were computed for May, June and July. Both actual and forecasted sales are given in the table below.
The firm has a cash balance of $ on May and wishes to maintain a minimum cash balance of $
Given the following assumptions and data in the table below, prepare and interpret a cash budget for the future months of May, June and July.
The firm makes of sales for cash, are collected in the next month, and the remaining are collected in the second month following sale.
The firm receives other income of $ per month
The firm's actual or expected purchases, all made for cash, for the months of May through to July as given in the table below.
Rent is $ per month
Wages and salaries are of the previous month's sales
Cash dividends of $ will be paid in June.
Payment of principal and interest of $ is due in June
A cash purchase of equipment costing $ is scheduled in July.
Taxes of $ are due in June.
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