dontcareanyonemo
27.08.2020 •
Business
Sparks Corporation has a cash balance of $5,480 on April 1. The company must maintain a minimum cash balance of $5,000. During April, expected cash receipts are $56,200. Cash disbursements during the month are expected to total $60,600. Ignoring interest payments, during April the company will need to borrow:
a) $5,000
b) $4,400
c) $1,080
d) $3,920
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Ответ:
d) $3,920
Explanation:
The computation of the borrowed amount is shown below:
= Beginning cash balance + expected cash receipts - expected cash disbursements - minimum monthly cash balance
= $5,480 + $56,200 - $60,600 - $5,000
= $3,920
We easily add to the starting cash balance the estimated cash receipts and deducted the expected cash disbursements and the minimum monthly cash balance, in order to get the correct value
Ответ: