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Calculate the projected cash balance at the end of october

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Question

Orange owns chain of seven shops selling computer goods. In the past the company maintained a healthy cash balance. However, this has fallen in recent months and at the end of September 2018 it had an overdraft of $100,000. In view of this it's managing director has asked you Make cash forecast for next 6 months. You have collected the following information:

Oct. Nov. Dec. Jan. Feb. March.

($000) ($000) ($000) ($000) ($000)

Cash Sales Forecast 250. 200. 250. 350. 200. 80.

Cash Purchases. 180. 160. 130. 40. 50. 60.

Wages and Salaries. 40. 40. 50. 40. 40. 45.

Rent. 0. 0. 80. 0. 0. 0.

Rates. 0. 0. 0. 0. 0. 60

Other Expenses. 25. 25. 25. 25. 25. 25.

Refurbishing Shops. 0. 0. 0. 80. 0. 0

Calculate the projected cash balance at the end of October

Calculate the projected cash balance at end of November

Reference no: EM132378459

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