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UVW Corporation prepares the following cash budget for the month of June: Item Amount ($) Beginning Cash Balance 15,000 Cash Receipts (Sales) 90,000 Cash Payments
UVW Corporation prepares the following cash budget for the month of June:
Item | Amount ($) |
Beginning Cash Balance | 15,000 |
Cash Receipts (Sales) | 90,000 |
Cash Payments (Expenses) | 50,000 |
Ending Cash Balance | ? |
Required:
- Calculate the ending cash balance for UVW Corporation.
- Prepare a cash flow statement.
- Analyze the impact of a delay in cash receipts on cash balance.
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Managerial Accounting
Authors: Morse Hartgraves
8th Edition
1618532359, 9781618532350
