Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances Budget Amounts Cash$146,000 Accounts Receivable 196,000 Sales $880,000 Cash disbursements 940,000 Depreciation 33,000 Ending accounts receivable balance 226,000 What is the expected cash balance of the company at the end of the coming month

Sagot :

ayokenny2001

Answer:

$56,000

Explanation:

Given the above information, we will calculate first the total cash flow.

Total cash flow = Opening cash receivable + Sales - Ending cash receivables

= $196,000 + $880,000 - $226,000

= $850,000

Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement

= $146,000 + $850,000 - $940,000

= $56,000

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.