Al-Nahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $20,000 in the cash at the start of the period. Cash collections from customers for the period are budgeted at $56,000. Purchases of inventory as budgeted will cost cash payment during the period of $60,000. The Company intends to keep its cash balance at the end of the period at $10,000. Other operating expenses for this period are budgeted at $30,000, which includes $2,000 depreciation and any cash expenses are paid in the month incurred. How much borrowing will the company need in the first half of 2022? O a. $10,000 O b. None of the given answers O c. $20,000 O d. $12,000 e. $22,000

Al-Nahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $20,000 in the cash at the start of the period. Cash collections from customers for the period are budgeted at $56,000. Purchases of inventory as budgeted will cost cash payment during the period of $60,000. The Company intends to keep its cash balance at the end of the period at $10,000. Other operating expenses for this period are budgeted at $30,000, which includes $2,000 depreciation and any cash expenses are paid in the month incurred. How much borrowing will the company need in the first half of 2022? O a. $10,000 O b. None of the given answers O c. $20,000 O d. $12,000 e. $22,000

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter4: Financial Planning And Forecasting

Section: Chapter Questions

Problem 5P

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Al-Nahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $20,000 in the cash at the start of the period. Cash collections from customers for the period are budgeted at $56,000. Purchases of inventory as budgeted will cost cash payment during the period of $60,000. The Company intends to keep its cash balance at the end of the period at $10,00O. Other operating expenses for this period are budgeted at $30,000, which includes $2,000 depreciation and any cash expenses are paid in the month incurred. How much borrowing will the company need in the first half of 2022? O a. $20,000 O b. $12,000 Oc. None of the given answers O d. $10,000 O e. $22,000
Al-Nahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $20,000 in the cash at the start of the period. Cash collections from customers for the period are budgeted at $56,000. Purchases of inventory as budgeted will cost cash payment during the period of $60,000. The Company intends to keep its cash balance at the end of the period at $10,000. Other operating expenses for this period are budgeted at $30,000, which includes $2,000 depreciation and any cash expenses are paid in the month incurred. How much borrowing will the company need in the first half of 2022? O a. $12,000 O b. $10,000 None of the given answers O d. $22,000 O e. $20,000
Al-Nahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $30,000 in the cash at the start of the period. Cash collections from customers for the period are budgeted at $56,000. Purchases of inventory as budgeted will cost cash payment during the period of $60,000. The Company intends to keep its cash balance at the end of the period at $10,000. Other operating expenses for this period are budgeted at $30,000, which includes $2,000 depreciation and any cash expenses are paid in the month incurred. How much borrowing will the company need in the first half of 2022? O a. $22,000 O b. $20,000 O c. $10,000 d. None of the given answers O e. $12,000 NEXT PAGE P TOSHIBA
Al-Nahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $20,000 in the cash at the start of the period. Cash collections from customers for the period are budgeted at $56,000. Purchases of inventory as budgeted will cost cash payment during the period of $50,000. The Company intends to keep its cash balance at the end of the period at $10,000. Other operating expenses for this period are budgeted at $30,000, which includes $4,000 depreciation and any cash expenses are paid in the month incurred. How ?much borrowing will the company need in the first half of 2022 $10,000 .a O $22,000 .b C. $12,000 .c O None of the given answers .d O $20,000 .e O
Al-Nahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $20,000 in the cash at the start of the period. Cash collections from customers for the period are budgeted at $56,000. Purchases of inventory as budgeted will cost cash payment during the period of $50,000. The Company intends to keep its cash balance at the end of the period at $10,000. Other operating expenses for this period are budgeted at $30,000, which includes $4,000 depreciation and any cash expenses are paid in the month incurred. How much borrowing will the company need in the first half of 2022? O a. $12,000 O b. None of the given answers O c. $22,000 O d. $20,000 O e. $10,000 NEXT PAGE US PAGE u.edu.om/mod/quiz/attempt.php?attempt=2029175&cmid%=9052598page%3=12#
AlNahdha company is preparing its cash budget for the first half of the year 2022. The company records shows that it has $20,000 in the cash at the start of the period . Cash collections from customers for the period are budgeted at $56,000 . Purchases of inventory as budgeted will cost cash payment during the period of $60,000 . The Company intends to keep its cash balance at the end of the period at $10,000 . Other operating expenses for this period are budgeted at \$30,000 , which includes $4,000 depreciation and any cash expenses are paid in the month incurred . How much borrowing will the company need in the first half of 2022 a. $12,000 b.$22,000 c. None of the given answers d. $20,000 e. $10,000