The cash receipt for each month as follows: $ Month 1 4,000 Month 2 6,000 Month 3 5,000 Month 4 7,000 Total sales 22,000 Purchases $ Month 1 6,000 Month 2 6,000 Month 3 4,000 Month 4 5,000 Total Purchases 21,000 The company has beginning cash for the of month 2 dollar 6502. the company has minimum cash Dollar 3266. What is amount of fun for the of 3? Answer:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The cash receipt for each month as follows:
$
Month 1
4,000
Month 2
6,000
Month 3
5,000
Month 4
7,000
Total sales
22,000
Purchases
$
Month 1
6,000
Month 2
6,000
Month 3
4,000
Month 4
5,000
Total Purchases
21,000
The company has beginning cash for the of month
2 dollar 6502.
the company has minimum cash Dollar 3266.
What is amount of fun for the of 3?
Answer:
Transcribed Image Text:The cash receipt for each month as follows: $ Month 1 4,000 Month 2 6,000 Month 3 5,000 Month 4 7,000 Total sales 22,000 Purchases $ Month 1 6,000 Month 2 6,000 Month 3 4,000 Month 4 5,000 Total Purchases 21,000 The company has beginning cash for the of month 2 dollar 6502. the company has minimum cash Dollar 3266. What is amount of fun for the of 3? Answer:
Expert Solution
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Cash budget in the business shows total cash inflows and cash outflows in the business and at the end it shows net cash balance. 

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