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On June 30, Alpha Company's cash balance is $4.000. Alpha is now prepaning their cash budget for the third quarter of the year. The following datas proded Cash budget Beginning cash balance Plus: Cash collections Cash available Less Cash payments Purchases of direct materials July $4.000 50.000 554.000 Aug $8.000 40.000 348.000 Sep $6.958 48800 31,000 12,000 13.000 22.000 9.000 25.000 17.500 11.500 Operating expenses Capital expenditures Interest expense at 5% Less Total cash payments Ending cash balance before financing Minimum cash balance desired Cash excess/(deficiency) Financing Borrowing at end of month Principal repayyments at end of month Total effects of financing Ending cash balance 104 $29300 $26654 $56.000 $12.000 (5.000 S0.000 %255.042 S(8.042 (5.000 SC13.042 $21.65 10.000 15.000 S20.000 (20.000 10.000 $8.000 15.000 The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be O s21,654 O s55.758 O $6.958 O 56.654

On June 30, Alpha Company's cash balance is $4.000. Alpha is now prepaning their cash budget for the third quarter of the year. The following datas proded Cash budget Beginning cash balance Plus: Cash collections Cash available Less Cash payments Purchases of direct materials July $4.000 50.000 554.000 Aug $8.000 40.000 348.000 Sep $6.958 48800 31,000 12,000 13.000 22.000 9.000 25.000 17.500 11.500 Operating expenses Capital expenditures Interest expense at 5% Less Total cash payments Ending cash balance before financing Minimum cash balance desired Cash excess/(deficiency) Financing Borrowing at end of month Principal repayyments at end of month Total effects of financing Ending cash balance 104 $29300 $26654 $56.000 $12.000 (5.000 S0.000 %255.042 S(8.042 (5.000 SC13.042 $21.65 10.000 15.000 S20.000 (20.000 10.000 $8.000 15.000 The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be O s21,654 O s55.758 O $6.958 O 56.654

FINANCIAL ACCOUNTING
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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On June 30, Alpha Compaany's cash balance is $4.000. Alpha is now preparing their cash budget for the third quarter of the year. The following datas povded Cash budget Beginning cash balance Plus: Cash collections Cash available Less Cash payments Purchases of direct materials July $4.000 50.000 $54.000 Aug $8.000 40.000 248.000 Sep 48800 555.758 31,000 12,000 13.000 22.000 9,000 25.000 47 $56.042 S(8.0427 (5.000 S(13.042 17500 11500 Operating expenses Capital expenditures Interest expense at 5 Less: Total cash payments Ending cash balance before financing Minimum cash balance desired Cash excess(deficiency) Financing Borrowing at end of month Principal repayments at end of month Total effects of financing Ending cash balance 104 $56.000 $(2.000 5.0001 $29.104 $26 654 5000 S21.65 S7.0001 10.000 15.000 $20.000 (20.000 15,000 10.000 $8.000 The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be O $21,654 O S55,758 O $6.958 O 56,654
Transcribed Image Text:On June 30, Alpha Compaany's cash balance is $4.000. Alpha is now preparing their cash budget for the third quarter of the year. The following datas povded Cash budget Beginning cash balance Plus: Cash collections Cash available Less Cash payments Purchases of direct materials July $4.000 50.000 $54.000 Aug $8.000 40.000 248.000 Sep 48800 555.758 31,000 12,000 13.000 22.000 9,000 25.000 47 $56.042 S(8.0427 (5.000 S(13.042 17500 11500 Operating expenses Capital expenditures Interest expense at 5 Less: Total cash payments Ending cash balance before financing Minimum cash balance desired Cash excess(deficiency) Financing Borrowing at end of month Principal repayments at end of month Total effects of financing Ending cash balance 104 $56.000 $(2.000 5.0001 $29.104 $26 654 5000 S21.65 S7.0001 10.000 15.000 $20.000 (20.000 15,000 10.000 $8.000 The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be O $21,654 O S55,758 O $6.958 O 56,654
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