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Cash Balance for Masson Corporation. The Masson Corporation has a
60-day average collection period and wishes to maintain a $5 million
minimum cash balance. Based on this and the information below, complete
the following cash budget. What conclusions do you draw?
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MASSON CORPORATION
Cash Budget
(in millions)
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Q1
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Q2
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Q3
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Q4
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Beginning receivables
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$120
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Sales
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90
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$120
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$150
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$120
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Cash collections
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Ending receivables
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Total cash collections
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Total cash disbursements
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80
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160
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180
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180
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Net cash inflow
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Beginning cash balance
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$ 5
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Net cash inflow
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Ending cash balance
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Minimum cash balance
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Cumulative surplus (deficit)
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