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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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Cash Budget Activity Cash Receipts Less: Cash Disbursements Net: Cash Flow Add: Beginning Cash Ending Cash Balance Less:Minimum Cash Balance Excess Cash/Balance Required Total Financing Jan 2,000,000.00 850,000.00 650,000.00 500,000.00 Feb 2,500,000.00 1,600,000.00 1,800,000.00 500,000.00 Mar Apr 2,200,000.00 1,500,000.00 950,000.00 1,800,000.00 2,700,000.00 500,000.00 3,950,000.00 500,000.00 Using Excel spreadsheets, compute for the Net Cash Flow, Ending Cash Balance and Excess/Balance Required For January, February, March and April.
Transcribed Image Text:Cash Budget Activity Cash Receipts Less: Cash Disbursements Net: Cash Flow Add: Beginning Cash Ending Cash Balance Less:Minimum Cash Balance Excess Cash/Balance Required Total Financing Jan 2,000,000.00 850,000.00 650,000.00 500,000.00 Feb 2,500,000.00 1,600,000.00 1,800,000.00 500,000.00 Mar Apr 2,200,000.00 1,500,000.00 950,000.00 1,800,000.00 2,700,000.00 500,000.00 3,950,000.00 500,000.00 Using Excel spreadsheets, compute for the Net Cash Flow, Ending Cash Balance and Excess/Balance Required For January, February, March and April.
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