B. GreenHarxest has prepared a Cash Budget for JANUARY, shown below(GreenHarvest cash balance as at 31st December 2019 is $26,500)Green Harxest Pty LtdCash BudgetFor the period ending January 2020Jan ($)ANTICIPATED RECEIPTSFees (cash)140,000Receipt of Loan50,000Receipt from accounts receivable45,000Proceeds from sale of surplus NCADividends ReceivedTotal receipts| ANTICIPATED PAYMENTSSalaries and wages20,0005,000260,00070,000Administration1,000SuppliesPayment to accounts payableNew equipment8,5006,000175,000Plants42,000Total PaymentsExcess (Deficit) receipts over paymentsRequired:302,500(42,500)With reference to the Cash Budget shown above; provide GreenHarvest's.management with the cashbalance amount at the end of January. Indicate whether this is an acceptable situation. Further make three (3)suggestions that may help GreenHarxest to improve their cash position+

Budget refers to the statement prepared by the government, individual, and organization based on the…

B. GreenHarvest has prepared a Cash Budget for JANUARY, shown below (* (GreenHarxest cash balance as at 31ª December 2019 is $26,500) GreenHarxest Pty Ltd Cash Budget For the period ending January 2020 Jan ($) ANTICIPATED RECEIPTS Fees (cash) Receipt of Loan Receipt from accounts receivable Proceeds from sale of surplus NCA 140,000 50,000 45,000 20,000 Dividends Received 5,000 Total receipts 260,000 ΑΝΤICIPΑTED PAYΜΕNTS Salaries and wages 70,000 1,000 Administration Supplies Payment to accounts payable New equipment 8,500 6,000 175,000 Plants 42,000 302,500 Total Payments Excess (Deficit) receipts over payments Required: (42,500) With reference to the Cash Budget shown above; provide GreenHarvest's management with the cash balance amount at the end of January. Indicate whether this is an acceptable situation. Further make three (3) suggestions that may help GreenHaryest to improve their cash position

B. GreenHarvest has prepared a Cash Budget for JANUARY, shown below (* (GreenHarxest cash balance as at 31ª December 2019 is $26,500) GreenHarxest Pty Ltd Cash Budget For the period ending January 2020 Jan ($) ANTICIPATED RECEIPTS Fees (cash) Receipt of Loan Receipt from accounts receivable Proceeds from sale of surplus NCA 140,000 50,000 45,000 20,000 Dividends Received 5,000 Total receipts 260,000 ΑΝΤICIPΑTED PAYΜΕNTS Salaries and wages 70,000 1,000 Administration Supplies Payment to accounts payable New equipment 8,500 6,000 175,000 Plants 42,000 302,500 Total Payments Excess (Deficit) receipts over payments Required: (42,500) With reference to the Cash Budget shown above; provide GreenHarvest's management with the cash balance amount at the end of January. Indicate whether this is an acceptable situation. Further make three (3) suggestions that may help GreenHaryest to improve their cash position

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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