Sunny Ltd. plans to start a business on 01/01/2023 making and selling solar panels. The budget...
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Sunny Ltd. plans to start a business on 01/01/2023 making and selling solar panels. The budget details are as follows: The budgeted sales for the first three months of activity are expected to be 250,000. It is expected that 40% of the total sales will be achieved in January 2023, 10% of the total sales will be achieved in February 2023 and the reminder in March 2023. Customers pay on cash the receipts two months later. . Sunny Ltd. pays 8,000 in salaries every month. Sunny Ltd. pays a rent of 1,000 every month (starting on February 2023) with an initial deposit of 2,500. The opening cash balance on January 2023 is expected to be 100,000. Considering the previous information and the cash budget, which of the following statements is true? O a. Closing balance on February 2023 is 88, 500. O b. Net cash flow on March 2023 is negative. Oc. Opening balance on February 2023 is 92,000. O d. None of the answers is true. Sunny Ltd. plans to start a business on 01/01/2023 making and selling solar panels. The budget details are as follows: The budgeted sales for the first three months of activity are expected to be 250,000. It is expected that 40% of the total sales will be achieved in January 2023, 10% of the total sales will be achieved in February 2023 and the reminder in March 2023. Customers pay on cash the receipts two months later. . Sunny Ltd. pays 8,000 in salaries every month. Sunny Ltd. pays a rent of 1,000 every month (starting on February 2023) with an initial deposit of 2,500. The opening cash balance on January 2023 is expected to be 100,000. Considering the previous information and the cash budget, which of the following statements is true? O a. Closing balance on February 2023 is 88, 500. O b. Net cash flow on March 2023 is negative. Oc. Opening balance on February 2023 is 92,000. O d. None of the answers is true.
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