Name:Romario Austin

School:Mcgrath high
Unit 2
MODULE 3 TEST

1c 32 a
2c 33 c
3b 34 b
4a 35 d
5b 36 c
6c 37 b
7a 38 c
8a 39 a
9a 40 c
10 b 41 d
11 a 42 c
12 d 43 a
13 d 44 b
14 c 45 c
15 a
16 c
17 a
18 a
19 b
20 b
21 c
22 a
23 d
24 a
25 a
26 b
27
28
29
30 b
31 a
Section 2
CASH BUDGET FOR THE QUARTER ENDED SEP.30
Details July August September
Cash receipts Inflows
Cash sales 60% $54,000 $78,000 $66,000
Cash collected $28,000 $36,000 $52,000
from last month
40%
Total Inflows $82,000 $114,000 $118,000

Less Cash Disbursement (Out Flows)

Payments on $72,000 $104,000 $88,000
purchase
Rent expense $2500 $2500 $2500
Wages and $8000 $10,000 $12,000
salaries
Interet [(0.07% of - - $1750
100000) *1/4]
Purchase of Firk - $7500
lift Trude
Short term - - -
borrowing (13%)
Total out flows ($90,000) ($116,500) ($104,250)
Net cash flow ($-8000) (-$2500) (-$13750)
Add ending cash $67,000 $59,000 $56,500
balance from last
month
Ending balance $59,000 $56,500 $70,250