Question

A company is preparing a cash budget for the month of December . It estimates a cash balance of $8,525 at the beginning of the month . The anticipated cash receipts are $ 154,600 and the cash disbursements are $160,950 . The company requires to maintain a minimum cash balance of $10,000 . Any deficit is loaned from the bank at a simple interest of 1 1/0 per month . Compute the preliminary cash balance at the end of December before any loan activity​

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This discussion on A company is preparing cash budget for the month of December. it estimate a cassh balance of $8525 at the beginning of the month. the anticipated cash receipts are $154600 and the cash disbursement are $16095. the company requires to maintain a minimum cash balance of $10000. any deficit is loaned from the bank at a simple interest of 1% per month. compute the preliminary cash balance at the end of December before any loan activity? is done on EduRev Study Group by B Com Students. The Questions and Answers of A company is preparing cash budget for the month of December. it estimate a cassh balance of $8525 at the beginning of the month. the anticipated cash receipts are $154600 and the cash disbursement are $16095. the company requires to maintain a minimum cash balance of $10000. any deficit is loaned from the bank at a simple interest of 1% per month. compute the preliminary cash balance at the end of December before any loan activity? are solved by group of students and teacher of B Com, which is also the largest student community of B Com. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for B Com on EduRev and even discuss your questions like A company is preparing cash budget for the month of December. it estimate a cassh balance of $8525 at the beginning of the month. the anticipated cash receipts are $154600 and the cash disbursement are $16095.