Business, 02.06.2021 16:10 cvvalle15

Hurzdan, Inc., has a 32-day average collection period and wants to maintain a minimum cash balance of $20 million, which is what the company currently has on hand. The company currently has a receivables balance of $236 million and has developed the following sales and cash disbursement budgets (in millions): Q1 Q2 Q3 Q4
Sales $390 $493 $595 $545
Total Cash disbursement 321 432 767 463

Required:
Write dow cash budget for the company.

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Hurzdan, Inc., has a 32-day average collection period and wants to maintain a minimum cash balance o...

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