Answer:
Cash borrow = $15,500.
Explanation:
Given,
The company budgeted ending cash balance is $61,500.
We know,
Budgeted ending cash balance = Budgeted beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements + Budgeted cash borrow
Given,
Budgeted ending cash balance = $61,500.
Budgeted beginning cash balance = $40,000.
Budgeted cash receipts = $121,000
Budgeted cash disbursements = $115,000.
Budgeted cash borrow = ?
Putting the values into the formula, we can get
$61,500 = $40,000 + $121,000 - $115,000 + Cash borrow
Or, $61,500 - ($40,000 + $121,000 - $115,000) = Cash borrow
Or, $61,500 - $40,000 - $121,000 + $115,000 = Cash borrow
Or, $176,500 - $161,000
Or, $15,500 = Cash borrow
Or, Cash borrow = $15,500.
Therefore, cash borrow for March is $15,500.
