Chapter 18-Short term finance and planning FINC 101a Exercise 2 The Masson Corporation has a...
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Chapter 18-Short term finance and planning FINC 101a Exercise 2 The Masson Corporation has a 60-day average collection period and wishes to maintain a $5 million minimum cash balance. Based on this and the following information, complete the cash budget. What conclusions do you draw? MASSON CORPORATION Cash Budget (in $ millions) 02 03 04 Q1 $120 Beginning receivables 150 120 120 Sales 90 Cash Collections Ending Receivables Total Cash Collections Total Cash Disbursements 180 160 160 80 Net Cash Inflow Beginning Cash Balance Net Cash Inflow Ending Cash $5 Balance Minimum Cash Balance Cumulative Surplus (deficit) 2
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