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    Borrowing amount

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    Question 12:

    Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $21,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $182,000. The desired ending cash balance is $40,000.

    To attain its desired ending cash balance for January, the company should borrow:

    $40,000

    $18,000

    $0

    $58,000

    © BrainMass Inc. brainmass.com June 3, 2020, 9:57 pm ad1c9bdddf
    https://brainmass.com/business/accounting/bries-corporation-borrowed-meet-cash-balance-january-207696

    Solution Summary

    This provides the steps to calculate the Borrowing amount. The desired ending cash balances are determined.

    $2.19

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