Safari Fle Edt Vlew History Bookmarks Window Halp Chapte 8 Howark problems Note3

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Safari Fle Edt Vlew History Bookmarks Window Halp Chapte 8 Howark problems Note3 Movics Note3 Pics Note3 Camera Help Save & Exit Submit Check my work ss Galaxy Pics Galaxy S5 Galaxy S5Pictures Garden Depot is a retaller that is prepaning its hudget for the upcoming fiscall year Management has prepared the following summary of ts budgeted cesh flows: otal cash receipts 300,000 i 420,000 350,000 $ 370,000 358,000 328,000 318.000 * 334,000 isc. Galaxy S5 Galaxy 55 Pios Pias Galzxy 1 cash disbarsereats 7/2018 The company's beginning cash balance for the upcoming fisca year will be $35,000, The company requires a minimum cash balance of $10,000 and may borrow try amont needed from local bank et a quarterly interest ate af 3%. The corpsmy mey borrow any amount at the bepinning ot any quarter and may repay its loans, or any part or its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repnid. For simplicity, assume that interest is not compaurded Google Chroms pdf Required: Prepare the camparny's cash buctget for the upcoming fiscel y Repayments, and interest, should be indicated by a minus sign. Cash Budget st Quarter 2nd Quarter 3rd Quarter 41h QuaterYear Android Fila ver1. Tolal cash receipts ctal cach avaiabic Financng: Borrow ng Total financing Erding cash balance PERRLA Pre 2 of 4 Next >

Explanation / Answer

Prepare cash budget :

1st quarter 2nd quarter 3rd quarter 4th quarter Year Beginning balance 35000 10000 68010 100010 35000 Add: Cash receipts 300000 420000 350000 370000 1440000 Total cash available 335000 430000 418010 470010 1475000 Less: Cash disbursment (358000) (328000) (318000) (338000) (1342000) Excess or (deficiency) over disbursement (23000) 102000 100010 132010 133000 Financing : Borrowing 33000 33000 repayments (33000) (33000) Interest (990) (990) Ending cash balance 10000 68010 100010 132010 132010

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