You recently began a job as an accounting intern at Mountain Adventures. Your first task was to help prepare the cash budget for February and March Unfortunately, the computer with the budget crashed and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget Ater entering the following data in the budget, you may have just enough information to reconstruct the budget Click the icon to view normation on borrowing cash) Requirements Complete the following cash budoet (For amounts with a 50 balance, make sure to enter in the appropriate coll. Enter cash deficiencies with a minus sign or parentheses Enter the net total lots of financing with a minussion when the amount is a net outhow Round interest expense to the nearest Whole dollar) Mountain Adventures Combined Cash Budget February and March $ Beginning cash balance Plus Cash collections February 16,300 0.500 March 21.000 B0.100 Plus Cash from sale of plant assets 106.800 103.100 Enter any number in the edit folds and then click Check Answer with a to balance make sure to anter" in the annonciato call Enter cash deficiencine with a mine on paranthes A More Info Mountain Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 7%. Mountain Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available. Print Done 06 800 1 03,100 Check Answer. V IRUVCHICS. TOUS lands U llei piepalec ASI UUU did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the budget. (Click the icon to view information on borrowing cash.) Requirements Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell. Enter ca a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) February March Beginning cash balance 16,300 21,000 Plus: Cash collections 90,500 80,100 2,000 Plus: Cash from sale of plant assets 106,800 103,100 Total cash available Less: Cash payments (purchase inventory) 50,600 $ 41,400 47,100 Less: Cash payments (operating expenses) 97,700 Total cash payments 11 Endinn eh holanco hafnra financir 9100 $ 23.800 Enter any number in the edit fields and then click Check Answer You recently began a job as an accounting intern at Mountain Adventures. Your first task was to help prepare the cash budget for did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the follo budget. A (Click the icon to view information on borrowing cash.) Requirements Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell. Enter cash a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) (1) Ending cash balance before financing 9,100 $ 23,800 21,000 21,000 Minimum cash balance desired (11,900) Cash excess (deficiency) Financing: Plus: New borrowings $ 11,900 Less: Debt repayments Less: Interest payments (2) Total effects of financing 11,900 Enter any number in the edit fields and then click Check Answer, UIU Hollave a UVURUP UI even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the foll budget (Click the icon to view information on borrowing cash.) Requirements Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell. Enter cash a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) 27,000 Minimum cash balance desired (11,900) Cash excess (deficiency) Financing Plus: New borrowings 11,900 Less: Debt repayments 0 Less: Interest payments (2) Total effects of financing 11,900 21,000 Ending cash balance (1) + (2)
