For the month of October, a company predicts total cash collections to be P1 million. Also for October, it estimates that its beginning cash balance will be P50,000 and that it will borrow cash in the amount of P70,000. If the company estimates an ending cash balance of P30,000 for October, what must its projected cash disbursements be? a. P1.090.000 b. P1,120,000 c. P1,070,000 d. P1,020,000
For the month of October, a company predicts total cash collections to be P1 million. Also for October, it estimates that its beginning cash balance will be P50,000 and that it will borrow cash in the amount of P70,000. If the company estimates an ending cash balance of P30,000 for October, what must its projected cash disbursements be? a. P1.090.000 b. P1,120,000 c. P1,070,000 d. P1,020,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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25. For the month of October, a company predicts total cash collections to be P1 million. Also
for October, it estimates that its beginning cash balance will be P50,000 and that it will
borrow cash in the amount of P70,000. If the company estimates an ending cash balance
of P30,000 for October, what must its projected cash disbursements be?
a. P1.090.000
b. P1,120,000
c. P1,070,000
d. P1,020,000
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