Business, 05.05.2020 08:18, ana9340

Court Enterprises Inc. would like to prepare a summary cash budget for March. The following information is available:
• The cash balance at March 1 was estimated to be $3,000.
• March sales, all on account, were estimated to be $50,000. Sales are collected over a two-month period with 65 percent collected in the month of sale and the remainder in the subsequent month. February sales on account were $60,000.
• Inventory purchases are expected to be $20,000 in March. The company pays for one-half of inventory purchases in the month of purchase and the remainder in the subsequent month. February’s purchases were $18,000.
• Cash disbursements for selling and administrative expenses are expected to be $4,000 in March.
• Depreciation expense for March is expected to be $5,000.
• Loan and interest payments for March are expected to be $25,000.
Required:
What is the cash balance at the end of March expected to be?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:00, 3steves

Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)

Answers: 1

continue

Business, 22.06.2019 00:00, kluckey3426

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Answers: 1

continue

Business, 22.06.2019 01:30, lee1677

What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond

Answers: 3

continue

Business, 22.06.2019 12:20, laskew37221

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:

Answers: 3

continue

Do you know the correct answer?

Court Enterprises Inc. would like to prepare a summary cash budget for March. The following informat...