Question: The following information was taken from Larkspur Electrical Service company cash budget for the month of July: Beginning cash balance: 153,000 Cash Receipts: 146,000 cash

The following information was taken from Larkspur Electrical Service company cash budget for the month of July:

Beginning cash balance: 153,000

Cash Receipts: 146,000

cash disbursements: 207,000

If the company has a policy of maintaining an end of the month cash balance of 153,000, the amount the company would have to borrow is?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

please make sure to ise phyton program , inculde the input/output for copy and paste Project 18-1: Right Triangle Calculator Create a GUI program that calculates the hypotenuse of a right triangle...

Q:

The following information was taken from Shamrock Electrical Service Company cash budget for the month of July: Beginning cash balance Cash receipts Cash disbursements $135000 130000 184000 If the...

Q:

The following information was taken from Tamarisk Electrical Service Company cash budget for the month of July. Beginning cash balance Cash receipts Cash disbursements $113000 O $45000. O $22500. O...

Q:

1. The following information was taken from Metlock Electrical Service Company cash budget for the month of July: Beginning cash balance $130000 Cash receipts 125000 Cash disbursements 177000 If the...

Q:

The following information was taken from Skysong Auto Supply Company cash budget for the month of June Beginning cash balance $59000 Cash receipts 80000 Cash disbursements 101000 If the company has a...

Q:

The following information was taken from South Cost Hotel Limited's cash budget for the month of July: Beginning cash balance Sh 480,000 Cash receipts 304,000 Cash disbursements 544.000 If the...

Q:

The following information was taken from Blue Spruce Corp. cash budget for the month of July: Beginning cash balance $145000 Cash receipts 139000 Cash disbursements 197000 If the company has a policy...

Q:

0,000 purchase of equipment T capital expenditure purchase. The company wants to maintain a minimum cash balance (EI) of $20.0 What is the minimum cash loan that must be planned to be borrowed from...

Q:

Current Attempt in Progress The following information was taken from Waterway Industries's cash budget for the month of July: $450000 Beginning cash balance Cash receipts Cash disbursements 364000...

Q:

--13.4 Question 14 View Policies Current Attempt in Progress The following information was taken from Vaughn Manufacturing's cash budget for the month of July: $580000 Beginning cash balance Cash...

Q:

1. Write suitable discussion related to (i) the definitions of accounting and the forms of the accounting as a discipline and (ii) the similarities and differences of Financial Accounting and...

Q:

Whirly Corporations contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,200 units) $ 237,600 $ 33.00 Variable expenses 136,800 19.00 Contribution...

Q:

Assuming the ABO antigens are compatible, can an R h pernon recetve Rh - blood? Why or why not?

Q:

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

Q:

Demand is relatively constant and is known. LO.1

Q:

Provide a table of the predictions for each base classifier, similarly to those found in Table 25.4.

Q:

Change the fifth bootstrap sample in Table 25.6 to the following: x 0.5 0.5 1 y 0 01