Cementworks has a beginning cash balance for the quarter of $1,211. The business requires a minimum cash balance of $1,200 and uses a loan account to maintain the balance. Funds have been borrowed, then paid back as soon as excess funds are available. Currently, the ending balance of the external loan is $1,318. 

calculate How much will be borrowed or repaid this quarter if quarterly receipts are $4,209 and quarterly disbursements are $3,800?

Answer rating: 100% (QA)

To determine how much will be borrowed or repaid this quarter we need to calculate the net cash flow ... View the full answer