Example of Ending Cash Balance
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NOTE 21 - ENDING CASH BALANCE
The following chart summarizes the ending cash balances at various dates throughout the forecasted period.
| OPENING | APRIL 30 200W |
APRIL 30 200X |
APRIL 30 200Y |
APRIL 30 200Z |
|
| Ending Cash Balance |
$100
|
$63,314
|
$57,608
|
$61,968
|
$94,091
|
At the date of incorporation (opening), the Company's cash balance was $100. After the four month product development phase (April 30, 200W), the Company is forecasting an ending cash balance of $63,314. This was arrived at by totaling shareholder investments ($100,000), plus beginning cash ($100), plus a $20,000 bank loan, subtract the forecasted development costs ($47,772), subtract the cash required for computer equipment purchases ($7,602) and subtract the cash required for office furniture purchases ($1,412).
The cash inflows and outflows used in determining the ending cash balances as of April 30, 200X, 200Y and 200Z can be seen under the Company's Forecasted Cash Flow Statements.