What was the beginning cash balance?
Question: In 2017, Bombay Corporation had cash receipts of $24,000 and cash disbursements of $16,000. The company's ending cash balance at December 31, 2017, was $35,000. What was the beginning cash balance?
Homework Answers
| Answer and Explanation |
| use the following formula to find the beginning cash balance : |
| Cash receipts - Cash disbursements + Ending balance = Starting balance |
| $24,000 - $16, 000 + $35,000 = $543,000 |
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#17 Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance...
#17
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Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $21,000....
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Help Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is...
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16&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 S12,000 B) $195,000 D) $1000 C) $14,000 193 (2rdou 17) Sparks Corporation has a cash balance of $15,300 on April 1. The company must maintain a minimum cash balance of $12,500. During...
In 2007 Bombay Corporation had cash receipts of $21,000 and cash disbursements of $12,000. Their ending cash balance at December 31, 2007 was $33,000. What was their beginning cash balance? $24,000 $30,000 $45,000 $42,000
In 2017 Vaughn Manufacturing had cash receipts of $35700 and cash disbursements of $20400. Vaughn's ending cash balance at December 31, 2017 was $66300. What waſ Vaughn's beginning cash balance? $81600 $86700 O $51000 O $61200
#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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Help Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $104,000 and budgeted cash disbursements total $87,000. The desired ending cash balance is $70,000. The company can borrow up to $90.000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to...
16&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 S12,000 B) $195,000 D) $1000 C) $14,000 193 (2rdou 17) Sparks Corporation has a cash balance of $15,300 on April 1. The company must maintain a minimum cash balance of $12,500. During...
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