Solution-Discuss accounts receivable are collected in month

Discuss accounts receivable are collected in month of sale

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Reference no: EM131747146

The following information was taken from Kingbird, Inc. cash budget for the month of July:

Beginning cash balance	$143000
Cash receipts	137000
Cash disbursements	194000

If the company has a policy of maintaining an end of the month cash balance of $143000, the amount the company would have to borrow is

Second Part: The following information was taken from Blue Spruce Corp. cash budget for the month June

Beginning cash balance	$80000
Cash receipts	108000
Cash disbursements	136000

If the company has a policy of maintaining an end of the month cash balance of $70000, the amount the company would have to borrow is

Third Part: The following credit sales are budgeted by Kingbird, Inc.:

February	228000
March	319200
April	273600

The company's past experience indicates that 60% of the accounts receivable are collected in the month of sale, 40% in the month following the sale. The anticipated cash inflow for the month of April is

Reference no: EM131747146

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Discuss accounts receivable are collected in month of sale

Reference no: EM131747146

Reference no: EM131747146

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