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Veseljchak [2.6K]
3 years ago
7

Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,200. Budgeted cash receip

ts total $189,000 and budgeted cash disbursements total $190,400. The desired ending cash balance is $31,200. To attain its desired ending cash balance for January, the company should borrow:
Business
1 answer:
drek231 [11]3 years ago
5 0

Answer:

$13,400

Explanation:

The movement in cash balance over a period is as a result of receipts and disbursements over the period. This may be expressed mathematically as

Opening balance + receipts - disbursements = closing balance

If the company wants to maintain a desired closing balance, the amount to be borrowed would form part of the receipts

$19,200 + receipts - $190,400 = $31,200

Receipts = $190,400 + $31,200 - $19,200

= $202,400

Given Budgeted cash receipts total $189,000 then amount to be borrowed

= $202,400  - $189,000

= $13,400

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All of the following qualifications are mandatory for apprenticeships sponsored by the National Electrical Contractors Associati
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According to​ statistics, a person will devote 33 years to sleeping and watching tv. the number of years sleeping will exceed th
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Solution for this problem is:

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Other solution:


To figure out how many years you spend sleeping and watching TV, you first need to take the number in total, which is 33, and subtract the number that you will exceed sleeping.33 – 19 = 14. Now that you have the number 14, you can see that 14 divided in 2 = 7. 7 +19 = 26. This leaves you with a remainder of 7 hours watching TV and 26 hours sleeping. 26 is 19 greater than 7. 7 + 26 = 33.

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