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Simon the Pieman Bakery is budgeting cash for 2015. The cash balnce at Fecember 31,2014, was $9,000. Simon the Pieman Bakery budgets cash receipts at
Simon the Pieman Bakery is budgeting cash for 2015. The cash balnce at Fecember 31,2014, was $9,000. Simon the Pieman Bakery budgets cash receipts at $80,000. Estimated cash payments include $45,000 for inventory, $35,000 for operating expenses, and $22,000 to expand the store. Simon the Pieman Bakery needs a minimum cash balance of $14,000 at all times. Simon the Pieman Bakery expects to earn net income of $75,000 during 2015. What is the final result of the companys cash budget for 2015?
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