Students should understand the operating and cash cycles of a company

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Funxlen16

Business Finance

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Ch. 18: Questions 3 & 11 (Questions and Problems section)

  • Ch. 20: Questions 8 & 14 (Questions and Problems section)
  • Ch. 21: Questions 4 & 7 (Questions and Problems section)
  • Ch. 26: Questions 1 & 2 (Questions and Problems section): Microsoft® Excel® template provided for Problem 2
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    Explanation & Answer

    Attached.

    Question 3

    I

    D
    D
    D
    I
    D

    Question 11
    April
    $
    $

    Credit sales
    374,400
    Credit purchases
    148,900
    Cash disbursements
    Wages, taxes, and expenses
    $
    54,340
    Interest
    $
    12,580
    Equipment purchases $
    88,800

    May

    June
    349500
    169300

    420500
    200300

    70300
    12580
    135000

    75170
    12580
    0

    In march, credit sales $
    235,000
    Credit purchases
    $ 161,300.00
    Nashville Nougats Inc.
    Cash budget for second quarter of 2015
    April
    May
    Beginning cash balance
    $
    135,000 $
    90,020
    Cash receipts
    Cash collection from credit sales
    $
    272,040 $
    346,965
    Total cash balance
    $
    407,040 $
    436,985
    Cash disbursements
    Purchases
    $
    161,300 $
    148,900
    Wages, taxes, and expenses
    54340
    70,300.00
    Intere...


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