70.2K

Verified Solution

Link Copied!

The accountant for Zachary's Dress Shop prepared the following cash budget. Zachary's desires to maintain a cash balance of $23,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. interest is charged at the rate of 3 percent per month. Required a. Complete the cash budget by filling in the missing amounts. b. Determine the amount of net cash flows from operating activities zachary's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash fiows from financing octwities Zachary's will report on the third quarter pro forma statement of cash flows. Complete this question by entering your answers in the tabs below. Determine the amount of net cash flows from both operating and financing activities zachary's will report on the third quarter pro forma statement of cash flows. Nate; Round intermediate calculations and final answers to the nearest whole dollar amount. Required a. Complete the cash budget by filling in the missing amounts. b. Determine the amount of net cash flows from operating activities Zachary's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Zachary's will report on the third quarter pro forma statement of cash flows. Complete this question by entering your answers in the tabs below. Complete the cash budget by filling in the missing amounts. Note: Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount

Answer & Explanation Solved by verified expert

See Answer