What is the anticipated total cash receipts for the month

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Question 1 - A company forecasts that the following sales: 118 BD in May, 138 BD in June and 285 BD in July. Sales will be paid in three parts, 30% will be paid in cash, another 30% will be paid after one month and the remaining 40% will be paid after two months. Additionally, the company will receive 42 BD in dividends in July, and 198 BD from the sale of stocks in May. Based on the information given what is the anticipated total cash receipts for the month of July?

Question 2 - In the month of February Concord Airlines expects a total cash receipt of 118 and a total cash disbursements (payments) of 550. The ending cash balance of January was 59. The company will take a loan in case the minimum desired cash balance of 500 BD is not met. Based on this information what is the loan amount for the month of February?

Reference no: EM133106834

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