Question details

Precision Machines Data: November Cost of borrowing Minimum Cash Balance Beginning Cash Balance A++ 2
$ 20.00

Precision Machines
Data:
November
Cost of borrowing
Minimum Cash Balance
Beginning Cash Balance
Revenues (Sales)
Materials Purchases
Cash Collections
First Month (30%)
Second Month (35%)
Third Month (35%)
Total Collections
Cash Disbursements
Material Purchases
Salaries
Wages
Other Expenses
Capital Expenditure
Dividends
Interest
Total Disbursements
Cash flows
Net cash flows
Cumulative cash flows
Minimum Cash Balance
Cash Surplus or Deficit

Recommendations:

December

January

February

March

April

May

June

$40,000

$50,000

$48,000

$55,000

$35,000

$50,000

$65,000

$40,000

November

December

January

February

March

April

May

June

$ 6,000.00
$ 3,000.00

$ 60,000.00
$ 35,000.00

$ 60,000.00
$ 3,000.00

$ 60,000.00
$ 3,200.00

$ 60,000.00
$ 3,500.00

10.00%
$5,000
$7,500

$ 25,000.00
$ 1,000.00

$ 6,000.00
$ 3,000.00

$ 1,000.00
 

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