The following information was reported in a cash budget: $\begin{array}{lr}
\text { Beginning cash balance } & \$ 280,000 \
\text { Cash payments } & 533,000 \
\text { Cash receipts } & 370,000 \
\text { Minimum cash balance desired } & 200,000
\end{array}$
How much cash will the company have to borrow in order to meet its required needs?

Question

The following information was reported in a cash budget: $\begin{array}{lr}
\text { Beginning cash balance } & \$ 280,000 \
\text { Cash payments } & 533,000 \
\text { Cash receipts } & 370,000 \
\text { Minimum cash balance desired } & 200,000
\end{array}$ 
How much cash will the company have to borrow in order to meet its required needs?

Quizplus · Accepted Answer

The Answer of The following information was reported in a cash budget: $\begin{array}{lr}
\text { Beginning cash balance } & \$ 280,000 \
\text { Cash payments } & 533,000 \
\text { Cash receipts } & 370,000 \
\text { Minimum cash balance desired } & 200,000
\end{array}$ 
How much cash will the company have to borrow in order to meet its required needs?

The Following Information Was Reported in a Cash Budget How Much Cash Will the Company Have to Borrow in