A company has the following cash flow data:Beginning cash balance: $10,000Cash receipts: $100,000Cash disbursements: $90,000Desired...
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Accounting
A company has the following cash flow data:
- Beginning cash balance: $10,000
- Cash receipts: $100,000
- Cash disbursements: $90,000
- Desired ending cash balance: $15,000
(a) Prepare the cash budget. (b) Determine the cash surplus or deficit. (c) Analyze the impact of cash budgeting on financial planning. (d) Discuss the importance of cash budgeting.
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