The following information was reported in the cash budget:
$\begin{array}{lc}
\text { Beginning cash balance } & \$ 28,000 \
\text { Cash disbursements } & 51,000 \
\text { Cash receipt } & 37,000 \
\text { Minimum cash balance required } & 20,000
\end{array}$
How much cash will the company have to borrow in order to meet its required needs?

Question

Quizplus · Accepted Answer

The ending cash balance is $14,000 ($28,000 + $37,000 - $51,000). To meet the minimum required balance of $20,000, the company needs to borrow $6,000.

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