Problem
Moria Company has made the following estimates for the month of December:
Cash sales $ 380,000
Beginning cash balance $ 30,000
Operating expenses* $ 420,000
Interest expense, which is included in operating expenses $ 12,000
Borrowings $ 50,000
End of period accrued liabilities, included in operating expenses $ 20,000
*Includes depreciation expense of $20,000
What is the projected ending cash balance?