Jaborosa,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

Jaborosa,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

B)
 11ea86ed_2b76_ac65_8b27_216a4c45e5a3_TB3056_00 Cash payments:
 11ea86ed_2b76_ac66_8b27_87baf696494a_TB3056_00 Financing:
 11ea86ed_2b76_d377_8b27_11d729f2a5d0_TB3056_00