disbursements toal 92000 The dosined ending cash balance is

disbursements toal $92.000. The dosined ending cash balance is $80,000. The company can boow up to 60,000 at any tme from a local bnk with inerest u the ollowg month Required

Solution

A company Cash Budget November Amount $ Beginning cash balance 28000 Add: Cash receipt 105000 Total cash available 133000 Less: Cash disbursement -92000 Excess (deficiency) of cash available over disbursements 41000 Borrowings 19000 Ending Cash balance 60000