Roman Company is preparing its cash budget for the upcoming month.The budgeted beginning cash balance is expected to be $40,000.Budgeted cash receipts are $101,000,while budgeted cash disbursements are $123,000.Roman Company wants to have an ending cash balance of $45,000.How much would Roman Company need to borrow to achieve its desired ending cash balance?

Question

Quizplus · Accepted Answer

B)
Beginning Cash $40,000
Cash Receipts +101,000
Cash Disbursements -123,000
Cash Available $18,000
Desired Balance -45,000
Borrow = 27,000

Roman Company Is Preparing Its Cash Budget for the Upcoming