What is carpathia''s december 31, 2009, budgeted cash balance


Carpaitha Inc began 2009 with $140,000 in cash. The company plans to have $1,400,000 accrual basis sales revenue during the year, of which it plans to collect 80% in 2009 and the other 20% in 2010. The company plans to record the following expenses in 2009:

various operating expenses all paid during 2009... $1,050,000
depreciation expense....$105,000
interest expense paid on October 1, 2009....$25,000
interest expense accrued on December 31 2009....$12,500

Finally, the company plans on making a $100,000 dividend payment in July and on prepaying its 2010 factory insurance bill of $40,000 in December 2009.

What is Carpathia's December 31, 2009, budgeted cash balance?

 

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