Imagine you are the finance manager of Al Mohsin Company. The company management feels that the cash management of the company should be made more effective. The following information from the company’s records is available to you:
Additional Information
Miscellaneous
Month
Sales
Purchase
Wages
expenses
February
40,000
20,000
7,000
1,000
March
55,000
14,000
8,000
3,000
April
60,000
28,000
9,000
2,000
May
74,000
30,000
June
90,000
32,000
8,800
3,500
You are required to :
A-Prepare an estimate of cash position for three months from April to June.
B-Based on the budget prepared, evaluate the cash position of the company, give your comments and provide suitable suggestion to the management on effective cash management.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here