plz help Asap. I will give a thumbs -up right away The Carlquist Company makes and sells

plz help Asap. I will give a thumbs -up right away

Transcribed Image Text:

The Carlquist Company makes and sells a product called Product K. The company has budgeted the following data for November 258 Sales of $1,117,000, all in cash. A cash balance on November 1 of $52,000 Cash disbursements (other than interest) during November of $1,133,000. A minimum cash balance on November 30 of $32,000. Required: a. Based on the cash budget, what is the ending cash balance for the month of November? b. Will Carlquist Company need to borrow money at the end of November to meet its minimum cash balance? Complete this question by entering your answers in the tabs below. Required A Required B Based on the cash budget, what is the ending cash balance for the month of November? Beginning cash balance November cash sales Cash available Budgeted purchases Required B > The Carlquist Company makes and sells a product called Product K. The company has budgeted the following data for November 258 Sales of $1,117,000, all in cash. A cash balance on November 1 of $52,000 Cash disbursements (other than interest) during November of $1,133,000. A minimum cash balance on November 30 of $32,000. Required: a. Based on the cash budget, what is the ending cash balance for the month of November? b. Will Carlquist Company need to borrow money at the end of November to meet its minimum cash balance? Complete this question by entering your answers in the tabs below. Required A Required B Based on the cash budget, what is the ending cash balance for the month of November? Beginning cash balance November cash sales Cash available Budgeted purchases Required B >