AC 505-Matuseski Corporation is preparing its cash budget for October

Question # 00612791 Posted By: rey_writer Updated on: 11/04/2017 08:54 AM Due on: 11/04/2017
Subject Accounting Topic Accounting Tutorials:
Question
Dot Image

TCO F) Matuseski Corporation is preparing its cash budget for October. The budgeted beginning cash balance is $54,000. Budgeted cash receipts total $127,000 and budgeted cash disbursements total $99,000. The desired ending cash balance is $100,000. The company can borrow up to $150,000 at any time from a local bank, with interest not due until the following month.


Required: Prepare the company's cash budget for October in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

Dot Image
Tutorials for this Question
  1. Tutorial # 00611338 Posted By: rey_writer Posted on: 11/04/2017 08:55 AM
    Puchased By: 2
    Tutorial Preview
    The solution of AC 505-Matuseski Corporation is preparing its cash budget for October...
    Attachments
    AC_505-Matuseski_Corporation_is_preparing_its_cash_budget_for_October.zip (8.13 KB)

Great! We have found the solution of this question!

Whatsapp Lisa