Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Marketing
New Topic  
Deprecated Deprecated
wrote...
Go to Answer
Posts: 2784
Rep: 104 0
7 years ago
Tokyo Corp. has prepared a preliminary cash budget for the third quarter as shown below:

Cash Budget   Jul   Aug   Sep
Beginning cash balance   $34,000   $13,000   $18,500
Plus: Cash collections   $54,000   $52,000   45,000
Cash available   88,000   $65,000   $63,500
Less: Cash payments:         
Purchases of direct materials   34,000   8,000   11,000
Operating expenses   40,000   30,500   30,700
Capital expenditures   1,000   8,000   7,000
Ending cash balance   $13,000   $18,500   $14,800

Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $53,000 in July,  $55,000 in August, and $46,000 in September. Based on the new data, calculate the new projected cash balance at the end of August.
A) $17,800
B) $12,000
C) $20,500
D) $18,500
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 259 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Deprecated Author
wrote...
#2
7 years ago
Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1334 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 2833
  
 229
  
 323
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Who's your favorite biologist?