C ezto.mheducation.com/hm.tpx ::: Apps GLCU :Home (.)Your Account OKnightCitecit

Question

C ezto.mheducation.com/hm.tpx ::: Apps GLCU :Home (.)Your Account OKnightCitecitations..EChaplink KnightCite Citation S....Chaplink connect BOM4312: B1 Fall 2017 FINANCE Chapter 14 Homework Assignment Question 4 (of 4) 4 2 value: 25.00 points A firm has estimated the 2-month cash budget below. What is the cash surplus or deficit for these months? (Enter your answers in millions of dollars. Negative amounts should be indicated b minus sign.) (S in millions) MAR APR Sales Cash collection Total cash disbursement Net cash flow Cumulative net cash flow Minimum cash balance Cash surplus or deficit 124.0 88.0 98.0 -10.0 134.0 94.0 89.0 5.0 10.0 10.0 References eBook & Resources Worksheet Difficulty: 2 Intermediate esc : F1 FA F5 F6

Explanation / Answer

Since, multiple questions have been posted, I have answered the first 2 image questions (Question-4 and Question 3) with all the details.

_____

Question 4)

The value of cumulative net cash flow for April is calculated as below:

Cumulative Net Cash (April) = Cumulative Net Cash Flow (March) + Net Cash Flow (April) = -11 + 5 = - $6

_____

The values of cash surplus and deficit for March and April are determined as follows:

Cash Surplus or Deficit (March) = Cumulative Net Cash Flow (March) - Minimum Cash Balance (March) = -11 - 10 = -$21

Cash Surplus or Deficit (April) = Cumulative Net Cash Flow (April) - Minimum Cash Balance (April) = - 6 - 10 = -$16

_____

Question 3)

The value of cash collected in July is determined as below:

Cash Collected in July = May Sales*15% + June Sales*50% + July Sales*30% = 10.2*15% + 12.2*50% + 9.2*30% = $10.39 million

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.