Cash Budget Carla Inc. has the following budgeted data for 2010:
Cash balance, beginning | $ 10,000 |
Collections from customers | 150,000 |
Expenses: |
|
Direct materials purchases | 25,000 |
Operating expenses | 50,000 |
Payroll | 75,000 |
Income taxes | 6,000 |
Machinery purchases | 30,000 |
Operating expenses include $20,000 depreciation for buildings and equipment. The company requires a minimum cash balance of $20,000.
Required Compute the amount the company needs to finance or the excess cash available for Carla to invest.
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