Wehr Inc. is making its cash budget for April. The budgeted starting cash balance is $19,000. Budgeted cash receipts total $105,000 and budgeted cash disbursements total $98,000. The desired ending cash balance is $50,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due till the given month.
Required:
Prepare the company's cash budget for April in good form. Make sure to point out what borrowing, if any, would be required to attain the desired ending cash balance.