Answer Happy

His Company requires a minimum cash balance of $4,000. When the company expects a cash deficiencyborows the exact amount required on the first of the no Expeded excess cash is used to pay any amounts owed interest owed from the previous mone's pinopal balance is paid on 15% per year The company has aty completed the budgeting process fo first quarter for cash receipts and cash payments t the view the completed b interest quanter for Hex Company Round interest expense to the rest He does not have any outstanding debt on January 1. Complete the cash budget f whole dola Begin by preparing the cash budget for January, then prepare the cash budget for February and March Finaly prepare the totals for the quarter (Compu Seid Ertera" any er blancs Round at amounts entered into the cash budger to the nearest whoe dollar. Enter a cash decyd Begening cash banes Cach recep Che A expe Stel cas pyments Ending a balance before financing Hex Compart Cash Budget For the Three Months Ended March 31 January Mremum cach balance desired Projected cash cofiency) Financing Bag Site Admin AL FENOMEN 4,000 19.000 23.000 40.000 0 40.000 (4,000)

Begin by preparing the cash budget for January, then prepare the cash budget for February felds. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to of financing with a minus sign or parentheses) Beginning cash balance Cash receipts Cash available Cash payments All expenses except interest interest expense Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing Hex Company Cash Budget For the Three Months Ended March 31 January Bonowing Principal repayments Total effects of financing Ending cash balance $ 4,000 19,000 23,000 40.000 0 40,000 (4,000)

Hex Company requires a minimum cash balance of $4,000, When the company expects a cash deficiency, it borrows the exact amount required on the first of the month. Expected excess cash is used to repay any amounts owed. Interest owed from the previous month's principal balance is paid on the first of the month at 15% per year. The company has already completed the budgeting process for the first quarter for cash receipts and cash payments for all expenses except interest (Click the icon to view the completed budget information) Hex does not have any outstanding debt on January 1. Complete the cash budget for the first quarter for Hex Company. Round interest expense to the nearest whole dollar. Begin by preparing the cash budget for January, then prepare the cash budget for February and March. Finally, prepare the totals for the quarter. (Complete all input fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency and/or negative effects of financing with a minus sign or parentheses.) Beginning cash balance Cash receipts Cash available Cash payments All expenses except interest Hex Company Cash Budget For the Three Months Ended March 31 January 4,000 19.000 23,000 COD 40.000 0

cash balance m cash balan ed ing: rowing ncipal repayme ffects of finand cash balance cash exces Beginning cash balance Cash receipts Cash available Cash payments: For the Three Months Ended March 31 January February All expenses except interest Interest expense Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing Borrowing Principal repayments Total effects of financing Ending cash balance $ 4,000 19.000 23,000 40,000 0 40.000 (4,000) 26,500 34,000 (4,000) March 43,500 Total (4,000) 89,000 36,000 110,000 (4,000)