Sign In Sign Up Ask an AI advisor
ariyanna029
ariyanna029
06.08.2019 • 
Business

Webster corporation is preparing its cash budget for april. the march 31 cash balance is $36,400. cashreceipts 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 companydesires a minimum cash balance at the end of each month of $30,000. if necessary, the companyborrows enough cash to meet the minimum using a short-term note. the amount webster must borrowduring april is: a) $0.b) $21,600.c) $8,400.d) $98,900.e) $58,000.

Solved
Show answers

Ask an AI advisor a question

I want advice