StartUp Company
StartUp Company. prepare for StartUp Company, in good form and without abbreviations, a cash budget for the month of January, 2015. StartUp Company has asked you to prepare a cash budget for the month of January 2015, using the following information: Projected cash balance at December 31, 2014, $2,000 Minimum cash balance desired January 31, 2015, $4,000. Minimum cash balance desired, December 31, 2015, $8,000 Projected transactions in January are: Cash collections from sales $ 25,000 Cash from tax refund 14,000 Purchases of merchandise inventory 10,000 Selling and administrative expenses (excluding depreciation) 25,000 Depreciation of building and equipment 15,000 Purchases of store equipment (one-half to be paid in February) 40,000 Declaration of a dividend (100% to be paid in February) 12,000 Amortization of patents 11,000 Where a projected transaction involves a cash outlay, unless otherwise noted the cash will be paid in January. The company has a line of credit at the bank, which allows borrowing up to $100,000. Since March 2014, the company has had loans of $30,000 outstanding at 12% interest. Interest is payable quarterly on March 31, June 30, September 30, and December 31.
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE MY ESSAY NOW
