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kirza4 [7]
3 years ago
6

On January 1, Kale Company has a beginning cash balance of $42,000. During the year, the company expects cash disbursements of $

340,000 and cash receipts of $290,000. If Kale requires an ending cash balance of $40,000, the company must borrow:_____
Business
1 answer:
zhenek [66]3 years ago
7 0

Answer:

See below

Explanation:

Given the above information,

= $340,000 - $42,000

= $298,000

Then,

= $298,000 - $290,000

= $98,000

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