Question
The following cash forecast are made for quarter 1 2021: Cash sales $380,000 Credit sales $70000 to be collected in quater 2 Beginning cash balance
The following cash forecast are made for quarter 1 2021:
Cash sales $380,000
Credit sales $70000 to be collected in quater 2
Beginning cash balance $30000
Operating expenses of $420000 including depreciation of $20000
What is the projected ending cash balance for quarter 1 2021
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Financial and Managerial Accounting
Authors: John J Wild, Ken W. Shaw
8th edition
1260247856, 978-1260247855
