Uncle's Caps Inc.a merchandising company has provided the following budgeted amounts for the next budget period. A minimum cash balance of $250,000 is required to be maintained.The company can borrow in increments of $10,000 as and when required.Assume the company can borrow the needed funds at the end of the period.Calculate the ending cash balance for the budget period.

Question

Uncle's Caps Inc.a merchandising company has provided the following budgeted amounts for the next budget period.  A minimum cash balance of $250,000 is required to be maintained.The company can borrow in increments of $10,000 as and when required.Assume the company can borrow the needed funds at the end of the period.Calculate the ending cash balance for the budget period.

Quizplus · Accepted Answer

11ea84d1_117d_f4e9_83dc_e504d0145dfc_TB3006_00 Cash payments:
 11ea84d1_117d_f4ea_83dc_f52722f9459e_TB3006_00 Financing:
 11ea84d1_117e_1bfb_83dc_5f5608ae20fd_TB3006_00