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C. Cash management, type 1. a. total expected cash receipts for the year ($2 million) b....
please help.. Problem 1 For the following table (a) Draw the cash flow diagram Receipts Year...
please help..
Problem 1 For the following table (a) Draw the cash flow diagram Receipts Year 0 1 2 Disbursements $50,000 $15,000 $15,000 2 S5.000 System Initial Costs Produced Products Produced Products Preventive Maintance Produced Products Corrective Maintance Produced Products Preventive Maintance Produced Products Salvage value $15,000 $15,000 $15,000 $5,000 4 5 5 6 $15,000 $25,000 Problem 2 $1000 is deposited in a savinga account that pays 6% annual interest, and no money is withdrawn for three years. Most nearly,...
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 payments Becelts $519.000 401.500 459.000 February 355.400 521.000 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed that the company can borrow up to $160,000 at a monthly...
1. What is Webb Corporation’s total net cash flow available from the current lockbox system to...
1. What is Webb
Corporation’s total net cash flow available from the current
lockbox system to meet payroll?
2. Under the terms outlined by Third National Bank,
should the company proceed with the concentration banking
system?
3. What cost of ACH transfers would make the company
indifferent between the two systems?
yielding 4 percent per year, and there are 365 days per year. MINICASE Cash Management at Webb Corporation Webb Corporation was founded 20 years ago by its president, Bryan...
Blueprint Connection: Cash and Bank Reconciliation Cash and Cash Controls Cash includes coins, paper currency, checks,...
Blueprint Connection: Cash and Bank Reconciliation Cash and Cash Controls Cash includes coins, paper currency, checks, money orders, and money deposited with a financial institution that the company can withdraw at any time. The key to classification of an amount as cash is that it be readily available to pay debts. Cash is a reported on the . Cash also includes items properly classified as cash equivalents. These are limited to investments that are readily convertible to known amounts of cash and...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 3rd Quarter $ 210,000 220,000 1st Quarter Quarter $ 180,000 $330,000 260,000 230,000 4th Quarter $ 230,000 240,000 Total cash receipts Total cash disbursements The company's beginning cash balance for the upcoming fiscal year will be $20,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a...
January $240,000 February $232,000 March $272,000 Cash receipts Cash payments For inventory purchases For S&A expenses...
January $240,000 February $232,000 March $272,000 Cash receipts Cash payments For inventory purchases For S&A expenses 220,000 62,000 164,000 64,000 190,000 54,000 Fayette Medical had a cash balance of $16,000 on January 1. The company desires to maintain a cash cushion of $10,000. Funds are assumed to be borrowed, in increments of $2,000, and repaid on the last day of each month; the interest rate is 1 percent per month. Repayments may be made in any amount available. Fayette pays...
These are your financial statements for the year ending today: BALANCE SHEET Cash Receivables Inventories Total...
These are your financial statements for the year ending today: BALANCE SHEET Cash Receivables Inventories Total Current Assets Net Fixed Assets $ 340,000 4,200,000 4,960,000 $ 9,500,000 2.500.000 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity $ 2,720,000 980,000 1.300.000 $ 5,000,000 2,000,000 3,800,000 1.200.000 $12,000,000 Total Assets $12,000,000 INCOME STATEMENT Sales Less: Operating costs EBIT Less: Interest EBT Less: Taxes (40%) Net Income Less: Dividends Additions to Retained Earnings...
1. The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31, $7,988....
1. The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31, $7,988. 2. July bank service charge not recorded by the depositor $53. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $3,360. 5. $2,676 collected for Cullumber Company in July by the bank through electronic funds transfer. The collection has not been recorded by Cullumber Company. 6. Outstanding checks, July 31, $701. Prepare a bank reconciliation at July 31, 2022....
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5,...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11.990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 2,980 3,170 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursementa $12,160 Cash Disbursements Check! Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount S 1.290 1,...
On August 31 Year 1 the general ledger of a company shows a balance for cash...
On August 31 Year 1 the general ledger of a company shows a balance for cash of $7.934 Cash receipts yet to be deposited into the checking account total 53.328, and checks written by the academy but not yet processed by the bank total $1415 The company's balance of cash does not reflect a bank service fee of $34 and interest earned on the checking account of $45. These amounts are included in the balance of cash of $6,032 reported...
please help..
Problem 1 For the following table (a) Draw the cash flow diagram Receipts Year 0 1 2 Disbursements $50,000 $15,000 $15,000 2 S5.000 System Initial Costs Produced Products Produced Products Preventive Maintance Produced Products Corrective Maintance Produced Products Preventive Maintance Produced Products Salvage value $15,000 $15,000 $15,000 $5,000 4 5 5 6 $15,000 $25,000 Problem 2 $1000 is deposited in a savinga account that pays 6% annual interest, and no money is withdrawn for three years. Most nearly,...
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 payments Becelts $519.000 401.500 459.000 February 355.400 521.000 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed that the company can borrow up to $160,000 at a monthly...
1. What is Webb
Corporation’s total net cash flow available from the current
lockbox system to meet payroll?
2. Under the terms outlined by Third National Bank,
should the company proceed with the concentration banking
system?
3. What cost of ACH transfers would make the company
indifferent between the two systems?
yielding 4 percent per year, and there are 365 days per year. MINICASE Cash Management at Webb Corporation Webb Corporation was founded 20 years ago by its president, Bryan...
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 3rd Quarter $ 210,000 220,000 1st Quarter Quarter $ 180,000 $330,000 260,000 230,000 4th Quarter $ 230,000 240,000 Total cash receipts Total cash disbursements The company's beginning cash balance for the upcoming fiscal year will be $20,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a...
January $240,000 February $232,000 March $272,000 Cash receipts Cash payments For inventory purchases For S&A expenses 220,000 62,000 164,000 64,000 190,000 54,000 Fayette Medical had a cash balance of $16,000 on January 1. The company desires to maintain a cash cushion of $10,000. Funds are assumed to be borrowed, in increments of $2,000, and repaid on the last day of each month; the interest rate is 1 percent per month. Repayments may be made in any amount available. Fayette pays...
These are your financial statements for the year ending today: BALANCE SHEET Cash Receivables Inventories Total Current Assets Net Fixed Assets $ 340,000 4,200,000 4,960,000 $ 9,500,000 2.500.000 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity $ 2,720,000 980,000 1.300.000 $ 5,000,000 2,000,000 3,800,000 1.200.000 $12,000,000 Total Assets $12,000,000 INCOME STATEMENT Sales Less: Operating costs EBIT Less: Interest EBT Less: Taxes (40%) Net Income Less: Dividends Additions to Retained Earnings...
Cash Account Records May 1, 2021, to May 31, 2021 Cash Balance May 31, 2021 $5, 120 Cash Balance Cash May 1, 2021 + Receipts $5,290 $11.990 Cash Receipts Date Desc. 5/3 Sales 5/10 Sales 5/17 Sales 5/24 Sales 5/31 Sales Amount $ 1,450 1,880 2,510 2,980 3,170 Date 5/7 5/12 5/15 5/22 5/30 5/31 Cash Disbursementa $12,160 Cash Disbursements Check! Desc. 471 Legal fees 472 Property tax 473 Salaries 474 Advertising 475 Supplies 476 Salaries Amount S 1.290 1,...
On August 31 Year 1 the general ledger of a company shows a balance for cash of $7.934 Cash receipts yet to be deposited into the checking account total 53.328, and checks written by the academy but not yet processed by the bank total $1415 The company's balance of cash does not reflect a bank service fee of $34 and interest earned on the checking account of $45. These amounts are included in the balance of cash of $6,032 reported...
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