For the month of October, a company predicts total cash collections to be P1 million. Also for October, it estimates that its beginning cash balance will be P50,000 and that it will borrow cash in the amount of P70,000. If the company estimates an ending cash balance of P30,000 for October, what must its projected cash disbursements be? a. P1.090.000 b. P1,120,000 c. P1,070,000 d. P1,020,000

For the month of October, a company predicts total cash collections to be P1 million. Also for October, it estimates that its beginning cash balance will be P50,000 and that it will borrow cash in the amount of P70,000. If the company estimates an ending cash balance of P30,000 for October, what must its projected cash disbursements be? a. P1.090.000 b. P1,120,000 c. P1,070,000 d. P1,020,000

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter16: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 11P

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