Memphis corporation has a cash balance of 20000000 on112008


Memphis Corporation has a cash balance of $200,000.00 on1/1/2008. The company's sales budget for the year was$500,000.00. However, only 80% of the sales for the year arecollectible during the year. The company's expected cash outflow for the year was expected to be $800,000.00. What is theexpected final cash balance? Is it a cash surplus or deficit?

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Accounting Basics: Memphis corporation has a cash balance of 20000000 on112008
Reference No:- TGS0596319

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