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kondaur [170]
3 years ago
5

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,500. Budgeted cash rec

eipts total $190,500 and budgeted cash disbursements total $191,000. The desired ending cash balance is $31,500. To attain its desired ending cash balance for January, the company should borrow:
Business
1 answer:
Mice21 [21]3 years ago
4 0

Answer:

$12,500

Explanation:

Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.

Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.

$19,500+190,500-191,000= 19,000

Then, you have to subtract 19,000 from 31,500 to determine the amount that the company needs to attain its desired ending cash balance:

31,500-19,000= 12,500

According to this, the company should borrow $12,500.

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6 0
3 years ago
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