coolman5999alt
28.05.2020 •
Business
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,500. Budgeted cash receipts total $190,500 and budgeted cash disbursements total $191,000. The desired ending cash balance is $31,500. To attain its desired ending cash balance for January, the company should borrow:
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Ответ:
$12,500
Explanation:
Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.
Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.
$19,500+190,500-191,000= 19,000
Then, you have to subtract 19,000 from 31,500 to determine the amount that the company needs to attain its desired ending cash balance:
31,500-19,000= 12,500
According to this, the company should borrow $12,500.
Ответ: