The answer is <span>Kiichiro Toyoda</span>
Answer:
Attached below
Explanation:
Receivables balance = $196 million
Minimum cash balance = $20 million
Given data :
Q1 Q2 Q3 Q4
Sales $441 $513 $594 $558
Total cash disbursement 368 465 720 456
attached below is the cash budget for the company as required
Answer:
Total income: $4,000
Other (22%) = $4,000 * 0.22 = $880
Rent (33%) = $4,000 * 0.33 = $1,320
Savings (25%) = $4,000 * 0.25 = $1,000
Utilities (8%) = $4,000 * 0.08 = $320
Groceries (12%) = $4,000 * 0.12 = $480
How much more money does Andre budget for savings than for groceries and utilities?
As seen above, Andre spends $800 in groceries and utilities ($320 + $480), and he sets aside $1,000 for saving, so he budgets $200 more for this purpose.
Answer
The answer and procedures of the exercise are attached in the following images.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.