
CASH BUDGET
Business
9th Grade
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The "month following" means the month after a transaction has occurred
True
False
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business has estimated credit sales of $100,000 for April. What is the estimated cash they would receive in June if the expected collection rate is:
70% in the month following
30% in the second month
$70,000
$30,000
$100,000
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business has estimated credit sales of $200,000 for January. What is the estimated cash they would receive in February if the expected collection rate is:
70% in the month following
20% in the second month
10% in the third month
$40,000
$70,000
$140,000
$20,000
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A business has estimated credit sales of $200,000 for January. What is the estimated cash they would receive in May if the expected collection rate is:
70% in the month following
20% in the second month
10% in the third month
$40,000
$70,000
$140,000
$0
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of a cash budget?
To get people into trouble if they overspend
To make people use spreadsheets
To see what happened to cash last year
To plan for the future
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The two main headings of a Cash budget are
Cash Receipts and Cash Payments
Cash Receipts and Cash Credit
Cash Debit and Cash Credit
Accounts Payable and Accounts Receivable
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
May's Closing Balance is the same as
May's Opening Balance
June's Opening Balance
June's Closing Balance
It is not the same as anything
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