A hospital has provided you with the following budget information for april:
Cash collections 876,000
April 1 cash balance 23,000
Cash disbursements 978,600

The hospital has a policy of maintaining a minimum cash balance of 20,000 and borrows only in 1,000 increments. How much will the hospital borrow in april?

Answer rating: 100% (QA)

April 1 balance 23000 Add Cash Colle... View the full answer