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:
$58,000© BrainMass Inc. brainmass.com June 3, 2020, 9:57 pm ad1c9bdddf
This provides the steps to calculate the Borrowing amount. The desired ending cash balances are determined.