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Procter & Gamble Co. needs to prepare a cash budget for the month of July 2026. The following information is available: Beginning Cash Balance: $200,000
Procter & Gamble Co. needs to prepare a cash budget for the month of July 2026. The following information is available:
- Beginning Cash Balance: $200,000
- Expected Cash Collections:
- Sales Revenue: $1,000,000
- Accounts Receivable: $500,000
- Cash Payments:
- Purchases: $600,000
- Operating Expenses: $300,000
- Salaries: $150,000
- Other Cash Payments: $100,000
Prepare a cash budget, calculate the ending cash balance, and identify any potential cash shortfalls or excess.
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