Norman Medical Center has provided you with the following budget information for July: $\begin{array}{ll}
\text { Cash collections } & \$ 918,000 \
\text { July } 1 \text { cash balance } & 32,000 \
\text { Cash disbursements } & 1,020,400
\end{array}$ Norman has a policy of maintaining a minimum cash balance of $30,000 and borrows only in $1,000 increments.How much will Norman borrow in July?

Question

Quizplus · Accepted Answer

The Answer of Norman Medical Center has provided you with the following budget information for July: $\begin{array}{ll}
\text { Cash collections } & \$ 918,000 \
\text { July } 1 \text { cash balance } & 32,000 \
\text { Cash disbursements } & 1,020,400
\end{array}$ Norman has a policy of maintaining a minimum cash balance of $30,000 and borrows only in $1,000 increments.How much will Norman borrow in July?

Norman Medical Center Has Provided You with the Following Budget