Solution-What is the companys excess of cash available

What is the companys excess of cash available

Assignment Help Accounting Basics

Reference no: EM132509904

Question - Forest Outfitters is a retailer that is preparing its cash budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:

	1^st quarter	2^nd quarter
Total cash receipts	$400,000	$672,000
Total cash disbursements	$530,000	$405,000

The company's beginning cash balance for the upcoming fiscal year will be $69,200.

What is the company's excess (deficiency) of cash available over disbursements at the end of the first quarter?

1. ($130,000)

2. $60,800

3. ($60,800)

4. $530,000

Reference no: EM132509904

Questions Cloud

Determining the yield to maturity-iris corp : Iris Corp issued bonds with a coupon rate of 15%, pay coupons annually, have 6 years remaining to maturity, and are currently priced at $950 per bond.

Calculate the expected return on investment : Calculate the expected return on investment for each of the alternative courses of action. The Burger Division of Good Meat Company reported

Reporting to co-CEO David Gilboa : You work as a communication specialist at Warby Parker, reporting to co-CEO David Gilboa. Gilboa characterizes the report as a "public business plan,

What is the rule on sec ethics : Do you think it's ethical for Company A to sponsor Company B (Company A's CEO owns 20% of Company B)? What's the rule on (SEC, Ethics, Corporate Governance)

What is the companys excess of cash available : The company's beginning cash balance for the upcoming fiscal year will be $69,200. What is the company's excess (deficiency) of cash available over disbursement

Venture capitalist has expressed interest in potentially : A venture capitalist has expressed interest in potentially funding new product and has asked for presentation of your business plan for innovative product

Determining the expected return on the market : Assume the annuities have a beta of 1.47, the expected return on the market is 12.4% and the risk free rate is 2.4%.

Figure out the cost of goods sold for the months of october : Figure out the inventory, purchase, and cost of goods sold for the months of October. University Logos buy logo imprinted merchandise and then sells

Global strategy and management : Describe How has the formation of the EU created new opportunities for member courtier?

User Account

All Pages

What is the companys excess of cash available

Reference no: EM132509904

Reference no: EM132509904

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT