Question

George Services, Inc., has $ 8,200 cash on hand on October 1. The company requires a minimum cash balance of $ 7,600. October cash collections are $ 548,410. Total cash payments for October are $ 573,870. Prepare a cash budget for October. How much cash, if any, will George need to borrow by the end of October?



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  • CreatedAugust 27, 2014
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