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Payne Companies Refer to Payne Companies

question 99

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Payne Companies                                                              CACH BUDGETCompany ACompany BCompany C Beginning cash balance $100$300$700 Cash collections ?400? Cash disbursements 500?600 Cash excess (shortage)  ??400 Borrowing (repayments) 300100? Ending cash200200100~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text{CACH BUDGET}\\\begin{array}{|l|l|l|l|}\hline &\text{Company A}&\text{Company B}&\text{Company C}\\\hline \text{ Beginning cash balance } & \$ 100 & \$ 300 & \$ 700 \\\hline \text{ Cash collections }& ? & 400 & ? \\\hline \text{ Cash disbursements }& 500 & ? & 600 \\\hline \text{ Cash excess (shortage) }& ? & ? & 400 \\\hline \text{ Borrowing (repayments) } & 300 & 100 & ? \\\hline \text{ Ending cash} & 200 & 200 & 100 \\\hline\\\end{array} Refer to Payne Companies.For Company A,what are the budgeted cash collections?

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Definitions:

Liquidation Expenses

Costs associated with dissolving a business or selling its assets, including legal fees, auctioneer fees, and payments to creditors.

Mortgage Holder

The individual or financial institution that lends money to a borrower for the purchase of real estate, holding the property as collateral.

Note Payable

A financial obligation or loan documented by a written promissory note specifying the principal amount, interest rate, and terms of repayment.

Liquidated

Refers to the process of settling debts by selling off assets.

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