Good evening, I am hoping that someone might be able to review my answers below and...

Question

Question

Good evening,

I am hoping that someone might be able to review my answers below and let me know if the math is correct?

!

Homework 4.6.JPG

Answer 1

Answer #1

Req 1) The cash collection & receipts schedule is OK.

Req 2) The cash disbursement schedule is also OK.

Req 3) Summary of Cash Flows:

	Jan	Feb	Mar
Begin cash	90000	90000	113952.5
Total receipts	401000	614500	684000
Total cash available	491000	704500	797952.5
Less: Total disbursements	-474000	-517000	-673000
Cash excess (deficiency) before financing	17000	187500	124952.5
Financing:
Borrowing	73000
Repayment		-73000
Interest paid		-547.5		730009%1/12
Ending Cash	90000	113952.5	124952.5

Answer 2

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