Answer:
Cash payments + cash receipts = cash requirements
Explanation:
The cash budget is a budget which deals in a inflow and outflow of cash. The inflow of cash refers to the incoming of cash through receipts while the outflow of cash refers to the outgoing of cash through payments
It interprets the liquidity of the business organization whether organization has enough cash or it can be borrowed for running its organization
Therefore, the Cash payments + cash receipts = cash requirements is wrong as other equations that are given are right
Ensure reliable accounting. It’s kinda obvious because it’s DUMB!
Yuh going down omg shawty thinks she omg I’m shawty thinks she’s omg
Going down and it’s going down omg shawty thinks omg hey
Answer: $500
Explanation:
Interest for the period = Amount borrowed * Interest rate * 120/360 days
= 15,000 * 10% * 120/360
= $500