Question

Messers Company is preparing a cash budget for February. The company has $ 20,000 cash at the beginning of February and anticipates $ 75,000 in cash receipts and $ 100,250 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $5,000 cash balance? The company has no loans outstanding on February 1.



$1.99
Sales3
Views191
Comments0
  • CreatedNovember 29, 2013
  • Files Included
Post your question
5000