Freebies just for you

We are available 24/7

We help you complete college assignments in under 24 hours.

Get help with essays, research papers, PowerPoint Presentations, reports, reviews, and projects at incredibly low prices.

Income-tax payments

Income-tax payments are made at the beginning of each calendar quarter based on the income of the prior quarter. Alpha-Tech is subject to an income-tax rate of 40 percent. Alpha-Tech’s operating income for the first quarter of 20×5 is projected to be $3,400,000. The company pays 100 percent of the estimated tax payment.Alpha-Tech maintains a minimum cash balance of $550,000. If the cash balance is less than $550,000 at the end of each month, the company borrows amounts necessary to maintain this balance. All amounts borrowed are repaid out of the subsequent positive cash flow. The projected April 1, 20×5, opening balance is $550,000.Alpha-Tech has no short-term debt as of April 1, 20×5.Alpha-Tech uses a calendar year for both financial reporting and tax purposes.Required:a cash budget for Alpha-Tech by month for the second quarter of 20×5. For simplicity, ignore any interest expense associated with borrowing. (Negative amounts should be indicated by a minus sign.)

Custom Papers

We will write a custom paper for you at $15.50 $11/page

Free title page

Free reference page

Free formatting

Unlimited revisons

EssayTab is hands down the best essay writing service for college students. I was initially skeptical about the quality of a product that has such a low price point but I can tell you that it’s worth every penny! I’ve been using EssayTab for my essays in college as well as in grad school, and they always deliver excellent content.

College Student