User Account

All Pages

How do make a cash budget for july and september

Assignment Help Financial Accounting
Reference no: EM132736187

Karim Corp. requires a minimum $8,500 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8,900, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow.
       
                          July              August                 September

Cash receipts     $24,500     $32,500                  $40,500

Cash payments  28,750          30,500                 32,500

Problem 1: How do you make a cash budget for July, August, and September? (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.)

 

Reference no: EM132736187

Questions Cloud

Make a schedule of budgeted cash payments for april : Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April. How do make a schedule of budgeted cash payments for April, May, and June?
What strategies for socialization : What strategies for socialization would you implement to increase the probability of new recruits joining the CVPD?
Critical analysis of the current requirements of ias : Critical analysis of the current requirements of IAS 16 Para 17. Note: Your critical analysis should include relative merits and demerits of continuing with.
Advantages and disadvantages of international alliances : What do you see as the potential advantages and disadvantages of international alliances?
How do make a cash budget for july and september : How do you make a cash budget for July, August, and September? (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign)
Customers arrive at a video rental desk at the rate : Customers arrive at a video rental desk at the rate of 1 per minute (Poisson). Each server can handle 0.3334 customers per minute (Poisson).
Compute the cost of the building recorded by xyzco : A pavement assessment made by the city cost Al Ibrahim & Co $2,000 at the purchase date. Compute the cost of the building recorded by XYZCo
Describe the principles of ethical leadership : Define and describe the principles of ethical leadership.
How much is turns total revenue for the year : Turn Café sold a coffee shop franchise to Strike. The sale agreement, signed on March 2020 called for 350,000 down payment plus two 175,000 annual payments.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd