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I have no idea what I am doing. Adjust the Cash Balance We...

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Accounting

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I have no idea what I am doing.

Adjust the Cash Balance We obtain the following 2020 forecasts of selected financial statement line items for Journey Company. a. Does forecasted cash deviate from the normal level for this company? Calculate the company's normal cash level as a percentage of sales. Using the answer above, compute what should be the normal cash balance for FY2020. b. Is the deviation in part a large enough to require adjustment? Explain. c. Identify three ways to adjust the forecasted cash balance. Which option would least likely be used to adjust the cash balance? d. Complete the following statement of cash flows assuming long-term debt is used to adjust the forecasted cash balance. e. Complete the following statement of cash flows assuming marketable securities are used to adjust the forecasted cash balance

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