The following information was taken from Southgate Industry❝s cash budget for the month of July: Beginning...
The following information was taken from Southgate Industry❝s cash budget for the month of July:
Beginning cash balance $480,000
Cash receipts 304,000
Cash disbursements 544,000
If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, the amount the company would have to borrow is
a)80,000
b)240,000
c)96,000
d)160,000
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The following information was taken from Southgate Industry❝s
cash budget for the month of July:
Beginning...
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3... The following information was taken from Indriks Company’s cash budget for the month of July: Beginning cash balance $150,000 Cash receipts 95,000 Cash disbursements 170,000 If the company has a policy of maintaining a minimum end of the month cash balance of $125,000, the amount the company would have to borrow is 4...A company has a minimum required rate of return of 9% and is considering investing in a project that costs $175,000 and is expected to generate cash inflows of $70,000...
URCES 2 Question 25 The following information was taken from Sheffield Corp.:'s cash budget for the...
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25. During September, the capital expenditure budget indicates a $280,000 purchase of equipment. The September cash...
25. During September, the capital expenditure budget indicates a $280,000 purchase of equipment. The September cash balance (Net Cash) from Operations is budgeted to be $40,000 before considering the capital expenditure purchase. The company wants to maintain a minimum cash balance (ED) of $20,000 What is the minimum cash loan that must be planned to be borrowed from the bank during September A) $220,000 B) $240,000 C) $260,000 D) $300,000 26. On January 1, Old Lao Shu Bruce Company has...
Cullumber Company has the following cash budget information available for the month of August: Beginning cash...
Cullumber Company has the following cash budget information
available for the month of August:
Beginning cash balance
$123,000
Cash receipts from sales and collections on account
122,000
Collection of note receivable and interest
8,300
Cash disbursements for operating expenses
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The...
Sandhill Company has the following cash budget information available for the month of August: Beginning cash balance...
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16&17 Sedita Inc. is working on its cash budget for July, The budgeted beginning cash balance is $13,000. Budget...
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...
#17 Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance...
#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...
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $20,000....
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Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $15,000....
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25. During September, the capital expenditure budget indicates a $280,000 purchase of equipment. The September cash balance (Net Cash) from Operations is budgeted to be $40,000 before considering the capital expenditure purchase. The company wants to maintain a minimum cash balance (ED) of $20,000 What is the minimum cash loan that must be planned to be borrowed from the bank during September A) $220,000 B) $240,000 C) $260,000 D) $300,000 26. On January 1, Old Lao Shu Bruce Company has...
Cullumber Company has the following cash budget information
available for the month of August:
Beginning cash balance
$123,000
Cash receipts from sales and collections on account
122,000
Collection of note receivable and interest
8,300
Cash disbursements for operating expenses
97,000
If the company has a policy of maintaining an end of the month cash
balance of $113,000, determine the amount the company would have to
borrow or the amount of excess cash it will have to invest in
August.
The...
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...
#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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