How much will they need to borrow at anytime, Accounting Basics

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How much will they need to borrow at anytime

Webber Company is preparing its cash budget for the upcoming quarter. The budgeted beginning cash balance is expected to be $30,000. Cash Receipts and Disbursements are as follows for each month of the quarter.

	Month 1	Month 2	Month 3
Cash Receipts	10000	11000	12000
Cash Disbursements	9000	14237	8874

Webber wants to maintain a minimum cash balance of $30067 each month of the quarter. How much will they need to borrow at anytime during the quarter (either month 1,2, or 3) in order to maintain that balance?

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Accounting Basics: How much will they need to borrow at anytime

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: How much will they need to borrow at anytime

Reference No:- TGS0697052

Recent Questions Asked Accounting Basics

Q : What advice would you give to these officials

Q : What is the daily output of no

Q : Explain the budgeted gross profit for june

Q : The bond indenture specified

Q : How much will they need to borrow at anytime

Q : What is the break-even point in unit sales

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Q : Prepare journal entries to reflet the transactions

Q : What numbers top management need-decision needs to made

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