lesson 9 quiz - financial planning tools and concepts pt. 2 gerry jacobs, a financial analyst for best value supermarkets, has prepared the following sales and cash disbursement estimates for the period of august through december of the current year. month sales cash disbursements august 400 300 september 500 500 october 500 700 november 600 400 december 700 500 90% of sales are for cash, the remaining 10% are collected one month later. all disbursements are on a cash basis. the firm wishes to maintain a minimum cash balance of 50. the beginning cash balance in september is 25. prepare a cash budget for the months of october, november, and december, noting any needed financing or excess cash available.
lesson 9 quiz - financial planning tools and concepts pt. 2 gerry jacobs, a financial analyst for best value supermarkets, has prepared the following sales and cash disbursement estimates for the period of august through december of the current year. month sales cash disbursements august 400 300 september 500 500 october 500 700 november 600 400 december 700 500 90% of sales are for cash, the remaining 10% are collected one month later. all disbursements are on a cash basis. the firm wishes to maintain a minimum cash balance of 50. the beginning cash balance in september is 25. prepare a cash budget for the months of october, november, and december, noting any needed financing or excess cash available.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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lesson 9 quiz - financial planning tools and concepts pt. 2 gerry jacobs, a financial analyst for best value supermarkets, has prepared the following sales and cash disbursement estimates for the period of august through december of the current year. month sales cash disbursements august 400 300 september 500 500 october 500 700 november 600 400 december 700 500 90% of sales are for cash, the remaining 10% are collected one month later. all disbursements are on a cash basis. the firm wishes to maintain a minimum cash balance of 50. the beginning cash balance in september is 25. prepare a cash budget for the months of october, november, and december, noting any needed financing or excess cash available.
Transcribed Image Text:LESSON 9 QUIZ - FINANCIAL PLANNING TOOLS AND CONCEPTS PT. 2
Gerry Jacobs, a financial analyst for Best Value Supermarkets, has prepared the following sales
and cash disbursement estimates for the period of August through December of the current year.
Month
Sales
Cash Disbursements
August
September
October
November
December
400
300
500
500
500
700
600
400
700
500
90% of sales are for cash, the remaining 10% are collected one month later. All disbursements
are on a cash basis. The firm wishes to maintain a minimum cash balance of 50. The beginning
cash balance in September is 25. Prepare a cash budget for the months of October, November,
and December, noting any needed financing or excess cash available.
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