Sonicawesomeness
06.08.2019 •
Business
Webster corporation is preparing its cash budget for april. the march 31 cash balance is $36,400. cash receipts are expected to be $641,000 and cash payments for purchases are expected to be $608,500. other cash expenses expected are $27,000 selling and $33,500 general and administrative. the company desires a minimum cash balance at the end of each month of $30,000. if necessary, the company borrows enough cash to meet the minimum using a short-term note. the amount webster must borrow during april is:
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