Question: Hi please help me I only have one hour left!! ABC Inc. Is preparing its cash budget for March. The budgeted beginning cash balance is
Hi please help me I only have one hour left!!

ABC Inc. Is preparing its cash budget for March. The budgeted beginning cash balance is $29,000. Budgeted cash receipts total $100,000 and budgeted cash disbursements total $91,000. The desired ending cash balance is $55,000. The company can borrow up to $50,000 at any time from a local bank, with Interest not due until the following month. Required: Prepare the company's cash budget for March In good form. Make sure to Indicate what borrowing, If any, would be needed to attain the desired ending cash balance. Beginning cash balance Add cash receipts Total cash available Less cash disbursements Excess (deficiency) of cash available over disbursements Borrowings Ending cash balance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
