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The following information was taken from Kingbird, Inc. cash budget for the month of July: Beginning cash balance $143000 Cash receipts 137000 Cash disbursements 194000
The following information was taken from Kingbird, Inc. cash budget for the month of July:
If the company has a policy of maintaining an end of the month cash balance of $143000, the amount the company would have to borrow is Second Part:The following information was taken from Blue Spruce Corp. cash budget for the month June
If the company has a policy of maintaining an end of the month cash balance of $70000, the amount the company would have to borrow is Third Part:The following credit sales are budgeted by Kingbird, Inc.:
The companys past experience indicates that 60% of the accounts receivable are collected in the month of sale, 40% in the month following the sale. The anticipated cash inflow for the month of April is
Beginning cash balance | $143000 |
Cash receipts | 137000 |
Cash disbursements | 194000 |
Beginning cash balance | $80000 |
Cash receipts | 108000 |
Cash disbursements | 136000 |
February | 228000 |
March | 319200 |
April | 273600 |
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