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Rudik [331]
3 years ago
13

Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $54,000. Budgeted cash rec

eipts total $138,000 and budgeted cash disbursements total $133,000. The desired ending cash balance is $78,000. To attain its desired ending cash balance for March, the company needs to borrow:____.
Business
1 answer:
jonny [76]3 years ago
8 0

Answer:

$19,000

Explanation:

Calculation to determine To attain its desired ending cash balance for March, the company needs to borrow

First step is to calculate the Actual ending cash balance

Using this formula

Actual ending cash balance = Beginning cash balance + Cash receipts −Cash disbursements

Let plug in the formula

Actual ending cash balance= $54,000 + $138,000 −$133,000

Actual ending cash balance= $59,000

Now let calculate the Amount borrowed

Using this formula

Amount borrowed = Desired ending cash balance −Actual ending cash balance

Let plug in the formula

Amount borrowed = $78,000 −$59,000

Amount borrowed= $19,000

Therefore To attain its desired ending cash balance for March, the company needs to borrow $19,000

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Answer: $36,000 increase.

Explanation:

Cost of keeping Current Truck.

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The Cost Price of the new truck is therefore,

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Dvinal [7]

Answer:

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Misleading message or miscommunication can lead to huge problems to any business. When you are working with your client, he will trust your words only if they are accurate otherwise the deal can be lost too.

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