All categories

3 years ago

Court Enterprises Inc. would like to prepare a summary cash budget for March. The following information is available:

Business

1 answer:

Vsevolod [243]3 years ago

6 0

Answer:

$8,500

Explanation:

The computation of the cash balance at the end of March is shown below:

Opening Cash Balance $3,000

Add: Cash Collection from Sales $53,500 (($50,000 × 65%) +($60,000 × 35%)

Total Cash Available $56,500

Less: Cash Payments

Inventory $19,000 (($20,000 × 50%) + ($18000 × 50%)

S&A Expense $4,000

Loan & Int Payment $25,000

Depreciation - (Non Cash Expense)

Closing Cash Balance $8,500

We simply added the cash receipts and deduct the cash payments to the opening cash balance so that the ending cash balance could come

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Helen [10]

Answer:

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Explanation:

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ehidna [41]

Answer:The answer is a

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