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Enter your answers in millions of dollars

16 / 01 / 2019 Research Papers

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CASH BUDGET 1 answer below » Piano Man, Inc., has a 50-day average collection period and wants to maintain a minimum cash balance of $40 million, which is what the company
currently has on hand. The company currently has a receivables balance of $198 million and has developed the following sales and cash
disbursement budgets in millions: View complete question » Q1 Q2 Q3 Q4 Sales $ 459 $ 531 $ 612 $ 576 Total cash disbursement 302 Piano Man, Inc., has a 50-day average collection period and wants to maintain a minimum cash balance of $40 million, which is what the company
currently has on hand. The company currently has a receivables balance of $198 million and has developed the following sales and cash
disbursement budgets in millions: Q1 Q2 Q3 Q4 Sales $ 459 $ 531 $ 612 $ 576 Total cash disbursement 302 466 720 477 Required: Complete the following cash budget for the company. (Do not include the dollar signs ($). Negative amounts should be
indicated by a minus sign. Enter your answers in millions of dollars. Round your answers to the nearest whole dollar amount (e.g.,
32).) PIANO MAN, INC. Cash Budget (in millions) Q1 Q2 Q3 Q4 Beginning receivables $ $ $ $ Sales 459 531 612 576 Cash collections Ending receivables $ $ $ $ Total cash collections $ $ $ $ Total cash disbursements 302 466 720 477 Net cash inflow $ $ $ $ Beginning cash balance $ $ $ $ Net cash inflow Ending cash balance $ $ $ $ Minimum cash balance $ $ $ $ Cumulative surplus (deficit) $ $ $ $ View less » Jan 17 2014 06:45 PM


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