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17 October, 21:45

Bee Inc. is working on its cash budget for March. The budgeted beginning cash balance is $52,000. Budgeted cash receipts total $136,000 and budgeted cash disbursements total $131,000. The desired ending cash balance is $74,000. To attain its desired ending cash balance for March, the company needs to borrow:

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  1. 17 October, 22:40
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    = $17,000

    Explanation:

    The expected ending balance of cash for the period would be calculated as follows:

    Expected Ending balance of cash = cash balance at the beginning + cash receipt for the period - cash disbursement

    52,000 + 136,000 - 131,000 = 57,000

    The amount of borrowing to meet the desired cash balance

    =$74,000 - $57,000

    = $17,000
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