Homework Answers
| Beginning Cash balance | 17000 |
| Add: Budgeted Cash Receipts | 140000 |
| Total Cash available | 157000 |
| Less: Budgeted Cash disbursements | (125000) |
| Preliminary ending cash balance | 32000 |
| Desired ending Cash balance | 50000 |
| Less: Preliminary ending cash balance | 32000 |
| Cash to be borrowed | 18000 |
| Option C $18,000 is correct |
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For May, we budgeted our cash receipts at $140,000 and our cash disbursements at $125,000. Our...
Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is...
Laurey Inc. is working on its cash budget for May. The budgeted beginning cash balance is $45,000. Budgeted cash receipts total $129,000 and budgeted cash disbursements total $124,000. The desired ending cash balance is $60,000. To attain its desired ending cash balance for May, the company needs to borrow:
Great Skot expects to have cash receipts in June of $532,160. Skot’s cash disbursements in June...
Great Skot expects to have cash receipts in June of $532,160. Skot’s cash disbursements in June are $581,720, including an interest payment on a bond issue of $32,000. If Skot wishes to maintain a cash balance of $40,000, how much will Skot have to borrow if it started the month with a cash balance of $52,000? $37,560 Surplus of $2,440. Will not have to borrow $5,560 Surplus of $34,440. Will not have to borrow
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Cash January February March Receipts $523,000 409,000 452,000 Cash payments $472,000 358,000 521,000 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year anuary February March Cash Receipts $516,000 408,000 466,000 Cash payments $462,800 354,800 536,008 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excludi...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Cash Cash Receipts $525,000 409,000 453,000 payments $468,500 352,500 530,000 January February March According to a credit agreement with its bank, Kayak requires a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up to $140,000 at...
Rider Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $51,000...
Rider Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $51,000 Budgeted cash collections (cash receipts) total $177,000 and budgeted cash disbursements total $176,000. The company is required to maintain a minimum cash balance of $50,000. What will be the budgeted ending cash balance for the month? A) $50,000 B) $52,000 C) $2,000 D) $102,000
Kayak Co budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments...
Kayak Co budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. January February March Cash Receipts $516,000 410, 457.000 Cash payments $458,40 352,400 522,00 According to a credit agreement with its bank, Kayak requires a minimum cash balance of $50.000 at each month end. In return, the bank has agreed that the company can borrow up to $140,000...
Kaiser, Inc. has the following budgeted cash collections from the cash receipts budget and cash payments...
Kaiser, Inc. has the following budgeted cash collections from the cash receipts budget and cash payments (excluding loan principal repayments and interest payments) from the cash disbursements budget for the next quarter (April, May, & June). Cash Receipts Cash Payments April $30,024 $27,064 May $32,398 $39,383 June $36,064 $32,772 In addition, Kaiser's beginning cash balance as of April 1 is $15,290. Kaiser, Inc. would like to maintain a minimum $15,000 cash balance at all times. In order to achieve this...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments...
Kayak Co. budgeted the following cash receipts (excluding cash
receipts from loans received) and cash payments (excluding cash
payments for loan principal and interest payments) for the first
three months of next year.
Cash
Receipts
Cash
payments
January
$
527,000
$
473,800
February
410,000
356,800
March
467,000
528,000
According to a credit agreement with its bank, Kayak requires a
minimum cash balance of $50,000 at each month-end. In return, the
bank has agreed that the company can borrow up to...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Cash Receipts Cash payments January $ 526,000 $ 471,700 February 401,000 346,700 March 455,000 527,000 According to a credit agreement with its bank, Reen requires a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up to...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Cash January February March Receipts $523,000 409,000 452,000 Cash payments $472,000 358,000 521,000 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year anuary February March Cash Receipts $516,000 408,000 466,000 Cash payments $462,800 354,800 536,008 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up...
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Cash Cash Receipts $525,000 409,000 453,000 payments $468,500 352,500 530,000 January February March According to a credit agreement with its bank, Kayak requires a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up to $140,000 at...
Kayak Co budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. January February March Cash Receipts $516,000 410, 457.000 Cash payments $458,40 352,400 522,00 According to a credit agreement with its bank, Kayak requires a minimum cash balance of $50.000 at each month end. In return, the bank has agreed that the company can borrow up to $140,000...
Kayak Co. budgeted the following cash receipts (excluding cash
receipts from loans received) and cash payments (excluding cash
payments for loan principal and interest payments) for the first
three months of next year.
Cash
Receipts
Cash
payments
January
$
527,000
$
473,800
February
410,000
356,800
March
467,000
528,000
According to a credit agreement with its bank, Kayak requires a
minimum cash balance of $50,000 at each month-end. In return, the
bank has agreed that the company can borrow up to...
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