Zinc corporation is developing its cash budget for this month. each month, the firm manufactures and sells $15,000 of products, and it pays $10,000 for wages, taxes, cost of goods sold, and other operating expenses. zinc has nothing in its checking account even though its target cash balance is $8,000. what amount will zinc show on the "bottom line" of its cash budget for this month? that is, what will be zinc's cash position?

shortfall of $3,000

Explanation:

The computation of the amount shown in the bottom of the cash budget is shown below:

= Sale value of products - expenses incurred related to the costs of goods sold, wages, taxes ,and the other operating expenses - targeted cash balance

= $15,000 - $10,000 - $8,000

= -$3,000

Since the targeted cash balance is $8,000 but the net income is only $5,000 which results in a shortfall of $3,000

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

answer; schedule c;