Discuss the amount of excess cash or deficiency of cash, Accounting Basics

+44 141 628 6080
[email protected]

Discuss the amount of excess cash or deficiency of cash

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments.

January February March
Cash receipts $1,061,200 $1,182,400 $1,091,700
Cash payments 984,500 1,210,000 1,075,000

The company's cash balance at January 1st is $290,000. This company desires a minimum cash balance of $340,000.
What is the amount of excess cash or deficiency of cash (after considering the minimum cash balance required) for January?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Discuss the amount of excess cash or deficiency of cash

Reference No:- TGS0707074

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Independent of the above facts

The 12/31/10 balance sheet of Sock Company had Accounts Receivable of $ 500.000 and a credit balance in Allowance for Uncollectable Accounts of $ 33.000.

Q : Determine the target cost per unit for the filter

Clear Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that 1,082,600 units can be sold if the price is no more than $4.

Q : What is the accounts receivable balance as of march

As of January 1 of the current year, the Grackle Company had accounts receivables of $50,000. The sales for January, February, and March of 2012 were as follows: $120,000, $140,000 and $150,000.

Q : What size capital structure will the firm run

Miller Engine Research is expanding its research and production capacity to introduce a new line of fuel technology for car engines. Current plants call for the expenditure of $100 million on four projects of equal size.

Q : Discuss the amount of excess cash or deficiency of cash

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments.

Q : What action would you recommend

A firm is considering the purchase of a machine which will cost $30,000. It is estimated that the annual savings of $6,000 will result from the machine's installation.

Q : What would be the budgeted production for march

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units;

Q : How to assume that an economic entit

Discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. If an entity was perceived to be short term, what effect would that have on the accounting system?

Q : What is the budgeted cost of goods sold for october

The store had $3,000 of ski boots in inventory at the beginning of October, and expects to have $2,000 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October

1954484

Questions
Asked

3,689

Active Tutors

1456594

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Discuss the amount of excess cash or deficiency of cash

Reference No:- TGS0707074

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Independent of the above facts

Q : Determine the target cost per unit for the filter

Q : What is the accounts receivable balance as of march

Q : What size capital structure will the firm run

Q : Discuss the amount of excess cash or deficiency of cash

Q : What action would you recommend

Q : What would be the budgeted production for march

Q : How to assume that an economic entit

Q : What is the budgeted cost of goods sold for october

Understanding of stress in middle childhood children

Sexual strategies theory differential parental investment

Theories of motivation in developing a lesson

Discuss vanderbilt screening test for add/adhd

Briefly describe your experience with groups

What best describes the dreams within conflict intervention

Describe curriculum controversy in early childhood education

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Discuss the amount of excess cash or deficiency of cash

Reference No:- TGS0707074

Recent Questions Asked Accounting Basics

Q : Independent of the above facts

Q : Determine the target cost per unit for the filter

Q : What is the accounts receivable balance as of march

Q : What size capital structure will the firm run

Q : Discuss the amount of excess cash or deficiency of cash

Q : What action would you recommend

Q : What would be the budgeted production for march

Q : How to assume that an economic entit

Q : What is the budgeted cost of goods sold for october

Asked Questions