Gamma Construction Ltd.Scenario: Prepare a Cash BudgetData:Beginning Cash Balance: $50,000Expected Cash Receipts:Sales Collections: $100,000Loan Proceeds: $20,000Expected Cash...
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Accounting
Gamma Construction Ltd.
Scenario: Prepare a Cash Budget
Data:
- Beginning Cash Balance: $50,000
- Expected Cash Receipts:
- Sales Collections: $100,000
- Loan Proceeds: $20,000
- Expected Cash Disbursements:
- Materials Purchases: $30,000
- Salaries and Wages: $40,000
Requirements:
- Prepare a monthly cash budget for January.
- Analyze the ending cash balance for January.
- Discuss the importance of cash budgeting in managing liquidity.
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