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