(Solution) - The accountant for Lori s Dress Shop prepared the following cash -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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The accountant for Lori?s Dress Shop prepared the following cash budget. Lori?s desires to maintain a cash cushion of $14,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 2 percent per month.

Required
a. Complete the cash budget by filling in the missing amounts. Round all computations to the nearest whole dollar.
b. Determine the amount of net cash flows from operating activities Lori?s will report on the third quarter pro forma statement of cash flows.
c. Determine the amount of net cash flows from financing activities Lori?s will report on the third quarter pro forma statement of cashflows.