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Marysya12 [62]
2 years ago
6

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec

eipts total $186,000 and budgeted cash disbursements total $189,200. The desired ending cash balance is $30,600. To attain its desired ending cash balance for January, the company should borrow:
Business
1 answer:
professor190 [17]2 years ago
6 0

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

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