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Saltwater Company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances Cash $60,000 Accounts Receivable
Saltwater Company is preparing its cash budget for the coming month. All sales are on account. Given the following:
Beginning Balances Cash $60,000 Accounts Receivable 200,000
Budgeted Amounts Sales $825,000 Cash Disbursements 785,000 Depreciation 25,000 Ending accounts receivable balance 220,000
What is the expected cash balance of the company at the end of the coming month?
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