The following information was extracted from NOVO cash budget for July 2019. The following data are as follows: Excess of cash available over disbursements is P700; cash balance as of July 1, 2019 is P 5,000 and a total cash disbursement for July is P22,500. The business can only borrow in round figures of P1,000 amounts. If the business is required to maintain a minimum cash balance of P100,000, how much money should be borrowed in July?

Q: Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019.…

A: Ending cash balance = Total cash available - Total cash disbursements Ending balance of current…

Q: You are required to prepare the cash budget for the two months of January and February 2021.  The…

A: Cash budget is one of the type of budget which shows expected cash receipts, expected cash payments…

Q: ABC's financial record shows the following cash data: Cash Balance, 1/1/2020 325,000 Cash receipts…

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Q: Karim Corporation requires a minimum $9,500 cash balance. Loans taken to meet this requirement cost…

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Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…

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Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…

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Q: You are provided with the following information taken from Wildhorse Inc.'s March 31, 2025, balance…

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Q: In its income statement for the year ended December 31, 2020, Angel Company reported revenue of…

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Q: mation, complete the following cash budget:

A:

Q: Karim Corporation requires a minimum $9,300 cash balance. Loans taken to meet this requirement cost…

A: Introduction Balances for last addition loan and ending cash balance:

Q: Windsor Corporation is projecting a cash balance of $30,000 in its December 31, 2021, balance sheet.…

A: Hello student! A Cash Budget shows the expected receipts and disbursements for a period. This would…

Q: The controller of Optimum wishes to improve the company's control system by preparing a monthly cash…

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Q: The following information was taken from Swifty Corporation cash budget for the month of July:…

A: Beginning cash balance 95,000 Add: Cash receipts 91,000 Available cash  186,000 Less: Cash…

Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.