14 Rogers Corporation is preparing its cash budget for July

14. Rogers Corporation is preparing its cash budget for July. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $141,000 and budgeted cash disbursements total $139,000 The desired ending cash balance is $30,000, To attain its desired ending cash balance for July, the company should borrow: A. $30,000 ?.so C. $3,000 D. $57,000 15. Garcia Veterinary Clinic expects the following operating results next year Sales (total) Variable expenses (total) Fixed expenses (total) $600,000 $120,000 $300,000 What is Garcia\'s break-even point next year in sales dollars? A. $240,000 B. $375,000 C. $400,000 D. $420,000 16. Data concerming Cutshall Enterprises Corporation\'s single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $190.00 $91.20 $424,840 The unit sales to attain the company\'s monthly target profit of $16,000 is closest to: A. 3,872 B. 2,320 C. 4,834 D. 4,462

Solution

SOLUTION

Question - 14

The company should borrow $3,000.

Cash Budget-

	Amount ($)
Beginning cash balance	25,000
Add: Cash receipts	141,000
Total avaialbale balance	166,000
Deduct: Cash disbursements	(139,000)
Excess of available cash over disbursements	27,000
Borrowings	3,000
Desired ending cash balance	30,000