student8248
25.05.2021 •
Business
During September, the capital expenditure budget indicates a $400000 purchase of equipment. The ending September cash balance from operations is budgeted to be $56000. The company wants to maintain a minimum cash balance of $25000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?
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Ответ:
the minimum cash loan borrowed is $369,000
Explanation:
The computation of the minimum cash loan borrowed is given below:
= Purchase value of an equipment - cash balance budgeted for september month + minimum cash balance
= $400,000 - $56,000 + $25,000
= $369,000
hence, the minimum cash loan borrowed is $369,000
Ответ: