Piano Man, Inc., has a 50-day average collection period and wants to maintain a
ID: 2697965 • Letter: P
Question
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 $198 million and has developed the following sales and cash disbursement budgets in millions:
Complete the following cash budget for the company. (Do not include the dollar signs ($). 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., 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:
Explanation / Answer
please repost your question its text is not visble, heres is how I am seeing it
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:
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: