Costa Services, Inc., has $ 8,100 cash on hand on March 1. The company requires a minimum cash balance of $ 7,300. March cash collections are $ 548,500. Total cash payments for March are $ 572,670. Prepare a cash budget for March. How much cash, if any, will Costa need to borrow by the end of March?

Answer rating: 100% (QA)

Cash on Hand8100 Cash collection 548500 Total cash av... View the full answer