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: Sheridan Company provided the following information for the month of October:   Beginning cash…

A: A cash budget is prepared to estimate the total receipts and total disbursements. The cash budget is…

Q: Neighborhood company has $32,000 cash at the beginning of June and anticipates $80,600 in cash…

A: Cash budget is basically company's estimation of cash receipts and payments over a specific period…

Q: You are provided with the following information taken from Sage Hill Inc's March 31, 2027, balance…

A: Cash budget: It is the tool that indicates the amount of available cash is appropriate or not for…

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: Use the following templates to prepare the cash budget for April, May and June 2022:

A: Cash budget is a statement of expected cash inflows and cash outflows over a definite period of…

Q: The following information was taken from Nash's Trading Post, LLC cash budget for the month of June…

A: Ending Cash balance=Beginning cash balance+Cash receipts-Cash disbursements

Q: Knyok Co budgeted the following cash receipts (excluding cash receipts from loans received) and cash…

A: The cash budget is prepared to estimate the cash requirements and cash balance during the period.

Q: A company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a…

A: Cash balance on January 1 = $290,000 Minimum cash balance required = $340,000

Q: The controller of Big River Inc. wishes to improve the company's control system by preparing a…

A: Budget means the expected value of future. Budget will be compared with actual value and variance is…

Q: Cash budget The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: Razan Company has the following information during the month of June 2020: Cash Balance, May 31…

A: Cash available=Opening balance+cash collections=$45,000+$112,500=$157,500

Q: Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and…

A: Cash budget: It is a tool, which indicates the amount of available cash is appropriate or not for…

Q: Harrah Company provided the following information for the month of October: Beginning cash balance $…

A: Cash equivalents are high-credit-quality, high-liquidity financial vehicles suited for short-term…

Q: Use the information provided below to prepare the following for November and December 2021: 4.1…

A: What is meant by Budgeting? It is the process of estimating the future cash flows by doing market…

Q: The following information was taken from Vaughn Manufacturing’s cash budget for the month of July:…

A: Cash Budget: A cash budget is an estimate of the cash flows that are expected to be generated by an…

Q: Byanong prepares the cash budget for the month of November 2022. Estimates for the month include the…

A: Cost of goods sold = Sales x (1 - gross profit rate) = P250000 x (1 - 0.50) = P125,000

Q: Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has…

A: Cash Budget is the budget that records all the transactions related to cash inflows and cash…

Q: Taylor Company has a cash balance of Php 7,500 on April 1. The company must maintain a minimum cash…

A: Borrowings are the loan which is taken by the individual to meet its financial requirements. The…

Q: Sparks Corporation has a cash balance of $18,900 on April 1. The company must maintain a minimum…

A: Cash balance = $18,900  Minimum cash balance = $15,500 Cash receipts = $67,000 Cash disbursement =…

Q: The management of Rain co which was manufacturing rain coats was preparing a cash budget for the…

A: Entitities often prepare cash budget to know the anticipated cash collection and disbursements for…

Q: Cash Budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash…

A: Computation of Collection from Customer Particulars September October November Collection for…

Q: Digi Consulting is a relatively new firm that has a few major accounts at hand. They hire many young…

A: Budget is the estimation of revenue and expense prior to start the operation. To manage the working…

Q: During May of 2019, XYZ Inc had an opening cash balance of $500,000, budgeted cash receipts of…

A: The cash budget is the estimated cash statement prepared by the management to estimate possible…

Q: balance of 600

A: Given information : Cash balance 500000 Cash collections 2170000 Cash disbursements 2430000…

Q: USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 4 TO 6. Whittle Ltd is preparing a cash budget…

A: Sales are made on cash and credit basis. The amount to be collected from sales made on credit basis…

Q: B. GreenHarvest has prepared a Cash Budget for JANUARY, shown below (* (GreenHarxest cash balance as…

A: Budget refers to the statement prepared by the government, individual, and organization based on the…

Q: Pallas Ltd provides the following budgeted information Sales revenue $1,000,000 Total variable costs…

A: The break even sales are calculated as fixed cost divided by contribution margin ratio.

Q: ending cash balance

A: Ending cash balance of the month = Beginning cash balance of the month + Cash receipts during the…

Q: mation, complete the following cash budget:

A:

Q: On February 14, the company factored P1,200,000 accounts receivable. Factoring fee was 10%. The…

A: For Feb 14 , Bills Receivables = P1,200,000 Factoring  For March 1, Accounts Receivables = P500,000…

Q: REQUIRED Use the following information provided by Ashton Enterprises to prepare the: 5.1 Debtors…

A: 5.1 Statement showing Debtors collection schedule for the months of January & February 2021…

Q: The following information was provided by Intel Enterprises: 1. The bank balance on 31 December 2022…

A: A cash budget is a budget prepared by the company at the beginning of the period that contains the…

Q: ABC company Bhd provides the falowing inf armation in respect of its 3-month cash budget for the…

A: Minimum balance = Ending balance + Finance taken to maintain a minimum balance

Q: how much should Z borrow

A: Borrowing indicating the required amount from outside cashflow for keeping the required amount of…

Q: NanaKay Company must maintain a minimum cash balance of GH¢25,000. At the beginning of June, the…

A: The Net income need not be considered since cash income and cash expenses are already includes in…

Q: Dvidends are payable to shareholders of record on declaration date, 30 Uay Required: 1. Prepare a…

A: Solution:- Preparation of a cash budget for the month ending July 31, 2021, indicating how much, if…

Q: The following projections have been made by Orange Traders for the period ending 31 March 2022: 1.…

A: Cash Budget: It  is the  estimation of  cash inflows and outflows  of a business to measure  whether…

Q: The following information was taken from Trusted Care Company's cash budget for the month of April:…

A: The cash budget is prepared by the management to know the future cash availability It includes cash…

Q: In preparation for the quarterly cash budget, the revenue and cost information have been compiled as…

A: A cash budget is a company's estimation of cash inflows and outflows over a specific period of time.…

Q: Nana Kay company must maintain a  minimum cash balance of ghc 25000. At the beginning June, the…

A: Ending Cash Balance = Beginning cash balance + Budgeted cash receipts - budgeted cash disbursement

Q: The following information pertains to Yoyo Projects for the three months ended 31 May 2020:…

A: Cash budgets are prepared to estimate the flow of cash in the entity during the future period. It…

Q: ring its bu the first qu of 2022. The next step is to prepare a cash receipts schedule and a cash…

A: Schedule of cash receipts is prepared to show the amount of cash sales intake whereas Schedule of…

Q: Required: (a) The business needs to have a sense of its future cash flows and therefore requires the…

A: A statement of estimation of cash inflows into and outflows from a business for a specific period is…

Q: For May, Young Company has budgeted its cash receipts at P125,000 and its cash disbursements at…

A: Cash receipts = P125,000 Cash disbursements = P138,000 Opening cash balance = P17000 Closing balance…

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

A: Ending Cash Balance = Beginning Cash Balance + Cash Receipts - Cash Disbursements

Q: PREPARE CASH BUDGET FOR YEAR 2021

A: Cash Budget is the analytical tool which records the past transactions and events of the inflow and…

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.