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Author Question: A company is preparing its cash budget for the first quarter of the year. It has $1,000 in cash at ... (Read 182 times)

llesku

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on: Feb 5, 2023

Question 1

Which of the following does not appear in the Other Cash Disbursements section of the Cash Budget?
◦ Dividend payments
◦ Depreciation on factory equipment
◦ Income tax payments
◦ Purchase of new equipment

Question 2

A company is preparing its cash budget for the first quarter of the year. It has $1,000 in cash at the beginning of the period. Cash sales for the quarter are budgeted at $30,000. Selling and administrative expenses are budgeted at $8,000, which includes $2,000 depreciation. Cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $25,000. The desired cash balance on March 31 is $5,000. How much financing will the company need during the quarter?
◦ $0
◦ $7,000
◦ $2,000
◦ $5,000
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by llesku on Feb 5, 2023

dsfhkjdfaskjfdsjk

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Reply #1 on: Feb 5, 2023
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llesku

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Reply 2 on: Feb 5, 2023
Excellent

jomama

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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