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Gamma Construction Ltd.Scenario: Prepare a Cash BudgetData:Beginning Cash Balance: $50,000Expected Cash Receipts:Sales Collections: $100,000Loan Proceeds: $20,000Expected Cash...

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Accounting

Gamma Construction Ltd.

Scenario: Prepare a Cash Budget

Data:

  • Beginning Cash Balance: $50,000
  • Expected Cash Receipts:
    • Sales Collections: $100,000
    • Loan Proceeds: $20,000
  • Expected Cash Disbursements:
    • Materials Purchases: $30,000
    • Salaries and Wages: $40,000

Requirements:

  1. Prepare a monthly cash budget for January.
  2. Analyze the ending cash balance for January.
  3. Discuss the importance of cash budgeting in managing liquidity.

Answer & Explanation Solved by verified expert
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