The following information was taken from Novak Corp. cash budget for the month of April Beginning cash
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Question:
The following information was taken from Novak Corp. cash budget for the month of April
Beginning cash balance | $146000 | |
Cash receipts | 132000 | |
Cash disbursements | 166000 | |
Depreciation | 32000 |
If the company has a policy of maintaining an end of the month cash balance of $122000, the amount the company would have to borrow is
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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