Question: Hall Ltd. is trying to decide whether it is going to need to take a loan in coming January to buy a new microcomputer system.


Hall Ltd. is trying to decide whether it is going to need to take a loan in coming January to buy a new microcomputer system. The microcomputer will cost $10,980. The president, Kevin Hall, has collected the following information about her operations as at December 31 : 1. Balance of selected ledger accounts: 2. Sales history and forecast (unit selling price, \$12): Prepare a cash budget for January, indicating whether Hall Ltd. will need a loan to finance its computer acquisition. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e. . (45). Round answers to 0 decimal places, e.8. 5,275.) Prepare a cash budget for January, indicating whether Hall Ltd. will need a loan to finance its computer acquisition. (Enter negative amounts using either a negative sign preceding the number es. 45 or parentheses e.g. (45). Round answers to 0 decimal places, eg. 5, 275.)
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