9. (2points) Use the same information given in the above question. At the end of

Question

9. (2points) Use the same information given in the above question. At the end of September, the company's Accounts receivable will have a balance of what amount? $ 10. (2points) Parliman Corporation is preparing its cash budget for August. a. The budgeted beginning cash balance is $12,000. b. Budgeted cash receipts from sales total S159,000. c. Budgeted cash disbursements for inventory purchases total 120,000 d. Operating expenses are S30,000. Of this amount depreciation is $5,000. e. Equipment will be purchased for $20,000 cash f. The ending cash balance should be $20,000 at a minimum Determine the minimum amount of borrowing needed.

Explanation / Answer

Q10) Calculate minimum amount borrowed :

Minimum amount of borrowing needed = 14000

Beginning cash balance 12000 Budgeted cash receipt 159000 TOtal cash available 171000 Cash payment: Inventory purchase (120000) Operating expense (30000-5000) (25000) Equipment purchase (20000) Total cash disbursement (165000) Preliminary balance 6000 Minimum borrowing 14000 Ending cash balance 20000

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