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Dmitry_Shevchenko [17]
3 years ago
6

Hurdzan, Inc., has a 30-day average collection period and wants to maintain a minimum cash balance of $20 million, which is what

the company currently has on hand. The company currently has a receivables balance of $196 million and has developed the following sales and cash disbursement budgets (in millions):
Q1 Q2 Q3 Q4
Sales $441 $513 $594 $558
Total cash disbursement 368 465 720 456


Required:
Wrtie down cash budget for the company.
Business
1 answer:
tia_tia [17]3 years ago
7 0

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

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