Answer:
the minimum cash loan that must be planned to be borrowed is $418,000.
Explanation:
The Cash Budget is prepared to highlight times for cash surpluses - allowing arrangements for investments of those surpluses to gain maximum return.
The Cash Budget also highlight times for Cash deficit - allowing for short term alternative sources of finance.
<u>September Cash Budget Reconciliation :</u>
Purchase of Equipment $520,000
<em>Less </em>Cash Balance ($67,000)
<em>Less</em> Minimum Cash Balance ($35,000)
Budgeted Loan Balance $418,000