Homework Answers
| Beginning Cash balance | 21400 |
| cash receipt | 244900 |
| Total cash available | 266300 |
| Less: Cash disbursement | -255700 |
| Preliminary Cash balance | 10600 |
| Minimum Cash balance | 19800 |
| Borrow | 9200 |
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Batista Company management wants to maintain a minimum monthly cash balance of $19,800. At the beginning...
Do It! Review 21-4 Batista Company management wants to maintain a minimum monthly cash balance of $19,800. At the b...
Do It! Review 21-4 Batista Company management wants to maintain a minimum monthly cash balance of $19,800. At the beginning of April, the cash balance is $22,800, expected cash receipts for April are $244,300, and cash disbursements are expected to be $256,200. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance Click if you would like to Show Work for this question: Open...
Do It! Review 22-04 Batista Company management wants to maintain a minimum monthly cash balance of...
Do It! Review 22-04 Batista Company management wants to maintain a minimum monthly cash balance of $19,000. At the beginning of April, the cash balance is $19,000, expected cash receipts for April are $245,800, and cash disbursements are expected to be $253,700. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance.
Do It! Review 7-4b Monty Corporation's management wants to maintain a minimum monthly cash balance of...
Do It! Review 7-4b Monty Corporation's management wants to maintain a minimum monthly cash balance of $9,600. At the beginning of September, the cash balance is $14,724, expected cash receipts for September are $116,640, and cash disbursements are expected to be $138,000 to be s138 wan How much cash, if any, must Manty borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget. MONTY CORPORATION Cash Budget
1. Flounder Corporation’s management wants to maintain a minimum monthly cash balance of $8,960. At the...
1. Flounder Corporation’s management wants to maintain a minimum monthly cash balance of $8,960. At the beginning of September, the cash balance is $13,742, expected cash receipts for September are $108,864, and cash disbursements are expected to be $128,800. How much cash, if any, must Flounder borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget. FLOUNDER CORPORATION Cash Budget For September select an opening cash budget item ...
step by step would be appreciated. Current Attempt in Progress Marigold Corporation's management wants to maintain...
step by step would be appreciated.
Current Attempt in Progress Marigold Corporation's management wants to maintain a minimum monthly cash balance of $9,280. At the beginning of September, the cash balance is 514.233. expected cash receipts for September are $112,752, and cash disbursements are expected to be $133.400. How much cash, if any, must Marigold borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget Enter negative amounts using either...
Sparks Corporation has a cash balance of $7,500 on April 1. The company must maintain a...
Sparks Corporation has a cash balance of $7,500 on April 1. The company must maintain a minimum cash balance of $6,000. During April, expected cash receipts are $48,000. Cash disbursements during the month are expected to total $52,000. Ignoring interest payments, during April the company will need to borrow: $2,500 $3,500 $4,000 $6,000
Sparks Corporation has a cash balance of $17,100 on April 1. The company must maintain a...
Sparks Corporation has a cash balance of $17,100 on April 1. The company must maintain a minimum cash balance of $14,000. During April, expected cash receipts are $64,000. Cash disbursements during the month are expected to total $76,000. Ignoring interest payments, during April the company will need to borrow: Multiple Choice $5,100 $14,000 $12,000
Sparks Corporation has a cash balance of $11.700 on April 1. The company must maintain a...
Sparks Corporation has a cash balance of $11.700 on April 1. The company must maintain a minimum cash balance of $9.500. During April, expected cash receipts are $55.000 Cash disbursements dunng the month are expected to total $62.500. Ignoring interest payments during April the company will need to borrow O $4.200 $5.300 $9.500 O $7.500
Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a...
Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a minimum cash balance of $16,000. During April, expected cash receipts are $68,000. Cash disbursements during the month are expected to total $82.000. Ignoring interest payments, during April the company will need to borrow Multiple Choice o $5,500 o O s14,000 S14.000 o o s10,500 S10,500 o 516 000
#17 Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance...
#17
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $181,000. The desired ending cash balance is $35,000. The excess (deficiency) of cash available over disbursements for July will be: A$12,000 B) $195,000 C) $14.000 D) $1000 93 17 12, doo 17) Sparks Corporation has a cash balance of $15,300 on April 1. The company must maintain a minimum cash balance of...
Do It! Review 21-4 Batista Company management wants to maintain a minimum monthly cash balance of $19,800. At the beginning of April, the cash balance is $22,800, expected cash receipts for April are $244,300, and cash disbursements are expected to be $256,200. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance Click if you would like to Show Work for this question: Open...
Do It! Review 22-04 Batista Company management wants to maintain a minimum monthly cash balance of $19,000. At the beginning of April, the cash balance is $19,000, expected cash receipts for April are $245,800, and cash disbursements are expected to be $253,700. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance.
Do It! Review 7-4b Monty Corporation's management wants to maintain a minimum monthly cash balance of $9,600. At the beginning of September, the cash balance is $14,724, expected cash receipts for September are $116,640, and cash disbursements are expected to be $138,000 to be s138 wan How much cash, if any, must Manty borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget. MONTY CORPORATION Cash Budget
step by step would be appreciated.
Current Attempt in Progress Marigold Corporation's management wants to maintain a minimum monthly cash balance of $9,280. At the beginning of September, the cash balance is 514.233. expected cash receipts for September are $112,752, and cash disbursements are expected to be $133.400. How much cash, if any, must Marigold borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget Enter negative amounts using either...
Sparks Corporation has a cash balance of $11.700 on April 1. The company must maintain a minimum cash balance of $9.500. During April, expected cash receipts are $55.000 Cash disbursements dunng the month are expected to total $62.500. Ignoring interest payments during April the company will need to borrow O $4.200 $5.300 $9.500 O $7.500
Sparks Corporation has a cash balance of $19,500 on April 1. The company must maintain a minimum cash balance of $16,000. During April, expected cash receipts are $68,000. Cash disbursements during the month are expected to total $82.000. Ignoring interest payments, during April the company will need to borrow Multiple Choice o $5,500 o O s14,000 S14.000 o o s10,500 S10,500 o 516 000
#17
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $181,000. The desired ending cash balance is $35,000. The excess (deficiency) of cash available over disbursements for July will be: A$12,000 B) $195,000 C) $14.000 D) $1000 93 17 12, doo 17) Sparks Corporation has a cash balance of $15,300 on April 1. The company must maintain a minimum cash balance of...
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