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SUNLAND COMPANY | ||
Cash Budget | ||
For the Two months ended February 28, 2022 | ||
January | February | |
Beginning Cash Balance | $ 59,800.00 | $ 31,200.00 |
Add: Cash receipts | ||
Collection from customers | $ 92,300.00 | $ 189,800.00 |
Cash from sale of investment | $ 15,600.00 | |
Total cash receipts | $ 107,900.00 | $ 189,800.00 |
Cash Avalaible | $ 167,700.00 | $ 221,000.00 |
Less: Cash Payments | ||
Payment to supplier | $ 52,000.00 | $ 97,500.00 |
Payment for wages | $ 39,000.00 | $ 52,000.00 |
Payment for administrative expenses | $ 26,000.00 | $ 29,900.00 |
Payment for Selling expenses | $ 19,500.00 | $ 26,000.00 |
Total Cash Payments | $ 136,500.00 | $ 205,400.00 |
Ending Cash Balance Before Financing | $ 31,200.00 | $ 15,600.00 |
Financing | ||
Borrowing | $ 10,400.00 | |
Repayments | ||
Ending Cash Balance | $ 31,200.00 | $ 26,000.00 |
Sunland Company expects to have a cash balance of $59,800 on January 1, 2022. These are...
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> How did you get borrowings? (calculation pls)
Valeria Valtierra Mon, Dec 6, 2021 1:05 PM