Alpine Products Company has made the following monthly estimates of cash receipts and cash disbursements...
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Accounting
Alpine Products Company has made the following monthly estimates of cash receipts and cash disbursements when preparing cash budgets for the next twelve months. Alpine Products has beginning cash on hand of $10,000 and wants to maintain this minimum cash level throughout the next year (4 Marks).
Cash Cash
Month Receipts Disbursements
January $100,000 $100,000
February $90,000 $110,000
March $80,000 $110,000
April $100,000 $150,000
May $120,000 $180,000
June $160,000 $180,000
July $200,000 $180,000
August $250,000 $180,000
September $250,000 $150,000
October $200,000 $110,000
November $140,000 $100,000
December $100,000 $100,000
Determine whether Alpine Products will have a cash need during the next year.
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