Jerry and Gloria Collins expect the following cash surpluses or deficits the first three months of the year.The rest of the year they expect cash surpluses.

Their revolving savings fund should be at least

Question

Jerry and Gloria Collins expect the following cash surpluses or deficits the first three months of the year.The rest of the year they expect cash surpluses.

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Their revolving savings fund should be at least
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Quizplus · Accepted Answer

According to the chart provided, the Collins' will have cash deficits for the first three months, meaning they will need to dip into their savings. The minimum amount they will need for these deficits is $250, as the deficit in March is $200 and they will need an additional $50 to cover January and February deficits. Therefore, their revolving savings fund should be at least $250.

Jerry and Gloria Collins Expect the Following Cash Surpluses or Deficits