the beginning cash balance is $50,000. sales are on account and 75% of sales on account is collected in the month of sale. the company desires to have a $25,000 ending cash balance. the surplus (or shortage) of cash before considering any borrowings in april would be:

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19-12-2022
Business

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the beginning cash balance is $50,000. sales are on account and 75% of sales on account is collected in the month of sale. the company desires to have a $25,000 ending cash balance. the surplus (or shortage) of cash before considering any borrowings in april would be:

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Tutorconsortium433 Tutorconsortium433 · Answer 1 · 2022-12-28T07:46:24+01:00

The sole cost of selling is the sales commission. But at the other hand, indirect labor is an overhead allocation expense that is covered by the fixed manufacturing budget.

How does cash balance work?

The sum of money that a business has on hand at the moment is called its cash balance. This money is kept on hand as a reserve to pay for any unanticipated cash outflows. Without this financial safety net, companies could finding themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors.

Why is cash king?

The phrase "cash is king" refers to the idea that cash is far more valuable over any other type of investment instrument, such as or bonds or stocks. This sentence is frequently

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