Determine the budgeted cash balance of company


Response to the following problem:

The following budgeted May 2010 cash information is available for Salado Corp.:

Net after-tax income ...................................$336,000

Depreciation expense .................................... 56,200

Accrued income tax expense ............................. 82,000

Increase in Accounts Receivable for month .......... 8,000

Decrease in Accounts Payable for month ............. 7,000

Estimated bad debts expense ........................... 4,100

Dividends declared in May ............................. 35,000

Dividends paid in May .................................. 47,000

If Salado's May 1, 2010, cash balance is $23,000, what is the company's budgeted May 31, 2010, cash balance?

 

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Cost Accounting: Determine the budgeted cash balance of company
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