Kappa Retailers Inc.Scenario: Cash Budget PreparationData:Beginning Cash Balance: $80,000Expected Cash Receipts:Sales Collections: $150,000Loan Proceeds: $20,000Expected Cash Disbursements:Purchases:...
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Accounting
Kappa Retailers Inc.
Scenario: Cash Budget Preparation
Data:
- Beginning Cash Balance: $80,000
- Expected Cash Receipts:
- Sales Collections: $150,000
- Loan Proceeds: $20,000
- Expected Cash Disbursements:
- Purchases: $60,000
- Salaries and Wages: $30,000
- Rent and Utilities: $15,000
Requirements:
- Prepare a monthly cash budget for January.
- Analyze the ending cash balance and funding requirements.
- Discuss the importance of cash budgeting in managing liquidity.
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