Hi...
*June = 5700 + (3000*15%) = 5700 + 450
Particulars Amount
Beginning Cash Balance $ 490,000
Cash Receipts $ 314,000
Total Cash available for use $ 804,000
Cash Disbursement ($ 534,000)
Cash Surplus $ 270,000
Borrowing $ 190,000
Ending Cash Balance $ 460,000
The company should borrow (d) $ 190,000.
March = 5% of Jan sales + 30% Feb sales + 60% Mar sales
= (5% * 260,000) + (30% * 126,000) + (60% * 460,000)
= 13,000 + 37,800 + 276,000
= $ 326,800
The Cash Inflow of March is (d) $ 326,800
Match the following statements to the appropriate terms. A selection of strategies to achieve lon...
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