Question: 14200 is wrong for some reason. have i made a mistake? Rogers Manufacturing has $10,800 cash on hand on March 1. The company requires a

14200 is wrong for some reason. have i made a mistake?
Rogers Manufacturing has $10,800 cash on hand on March 1. The company requires a minimum cash balance of $8,000. March cash collections are $552.000 Total cash payments for March are $585,000. Prepare a cash budget for March. How much cash, if any, will Rogers need to borrow by the end of March? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.) Rogers Manufacturing Cash Budget For the Month Ended March 31 Beginning cash balance 10 800 Cash collections from customers 552 000 Cash available before financing 562 800 (585.000) Total cash payments Ending cash balance before financing 022 200) Minimum cash balance desired (0.000) Cash excess (deficiency) (14200)
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