Current Asset Management Solutions 20

Current Asset Management Solutions 20 - -$100.00 Lease

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Old Exam Questions - Current Asset Management - Solutions Page 20 of 21 Pages Desired -$400.00 -$400.00 -$400.00 Excess Cash Loans A. $150.00 B. $ 60.00 C. $180.00 * D. $ 90.00 E. $120.00 Cash Budget Actual Forecasted March April May June July Sales $2,000.00 $1,500.00 $1,800.00 $2,300.00 $2,800.00 Collections Month 0 - 20% $400.00 $300.00 $360.00 $460.00 $560.00 Month 1 - 55% $1,100.00 $825.00 $990.00 $1,265.00 Month 2 - 20% $400.00 $300.00 $360.00 Total $1,585.00 $1,750.00 $2,185.00 P&W -$1,600.00 -$1,200.00 -$1,440.00 -$1,840.00 -$2,240.00 P&W Lagged -$1,600.00 -$1,200.00 -$1,440.00 -$1,840.00 Salaries -$100.00 -$100.00 -$100.00 -$100.00
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Unformatted text preview: -$100.00 Lease -$50.00-$50.00-$50.00-$50.00 -$50.00 Depreciation $0.00 $0.00 $0.00 $0.00 $0.00 Miscellaneous -$50.00-$50.00-$50.00-$50.00 -$50.00 Taxes Paid $0.00-$500.00 $0.00 $0.00 -$250.00 Total -$200.00-$200.00 -$450.00 Gain (Loss) $185.00 $110.00 -$105.00 Cash at Start $300.00 $485.00 $595.00 Cumulative $485.00 $595.00 $490.00 Desired -$400.00-$400.00 -$400.00 Excess Cash $85.00 $195.00 $90.00 Loans $0.00 $0.00 $0.00 22. Assume that a company believes that it will need to order 250,000 units of inventory over the coming year. The current price of inventory is $4 per unit. Fixed ordering...
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