ABC Company has a cash balance of $37,000 on August 1 and requires a minimum ending cash balance of $24,160. Cas receipts from sales budgeted for August are $200,160. Cash disbursements budgeted for August include inventory purchases, $29,000; other manufacturing expenses, $55,000; operating expenses, $40,000; bond retirements, $62,000; and dividend payments, $27,000. Required: Prepare a cash budget for ABC Company for August. Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: Total cash disbursements August

ABC Company has a cash balance of $37,000 on August 1 and requires a minimum ending cash balance of $24,160. Cas receipts from sales budgeted for August are $200,160. Cash disbursements budgeted for August include inventory purchases, $29,000; other manufacturing expenses, $55,000; operating expenses, $40,000; bond retirements, $62,000; and dividend payments, $27,000. Required: Prepare a cash budget for ABC Company for August. Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: Total cash disbursements August

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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