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kaylam5599
17.12.2021 •
Business
A current asset is one that the company: Multiple Choice has owned for over one year. has owned for over five years. will use up or convert into cash in less than 12 months. has updated to reflect its current value.
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Ответ:
January February
Beginning Cash Balance 61,550 36,570
Add: Receipts
Collections from Customers 86,550 161,550
Sale of Marketable Securities 13,490 0
Total Receipts 100,040 161,550
Total Available Cash 161,590 198,120
Less: Disbursements
Payments to Suppliers 55,550 90,550
Wages 31,490 41,490
Admin Expenses 21,490 24,490
Selling Expenses 16,490 21,490
Total Disbursements 125,020 178,020
Cash Balance 36,570 20,100
Financing
Add: Borrowings 0 15,450
Less: Repayments 0 0
Ending Cash Balance 36,570 35,550
Admin Expenses are independent of Depreciation which is not a cash expense.
The company wants to maintain a minimum monthly cash balance of $35,550 so in February they will have to borrow;
= 35,550 - 20,100
= $15,450