For the month of November,Hopkins Corporation.predicts total cash collections to be $1 million.Also for November,Hopkins Corporation.estimates that its beginning cash balance will be $50,000 and that it will borrow cash in the amount of $70,000.If Hopkins Corporation.estimates an ending cash balance of $30,000 for November,what must its projected cash disbursements be?

Question

Quizplus · Accepted Answer

Beginning cash balance + Cash collections + Cash borrowed - Ending cash balance = Cash disbursements$50,000 + $1,000,000 + $70,000 - $30,000 = Cash disbursements$1,120,000 = Cash disbursements

For the Month of November,Hopkins Corporation