Explore BrainMass

Explore BrainMass

    Express Graphics Cash Borrowing

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    For the year, Express Graphics forecasts cash receipts of $430,000 and cash disbursements of $405,000. The beginning cash balance is $21,000. If express maintains a minimum cash balance of $50,000, how much must the company borrow?

    a) 4000
    b) 25000
    c) 46000
    d) 54000

    © BrainMass Inc. brainmass.com June 3, 2020, 10:30 pm ad1c9bdddf

    Solution Summary

    This solution provides a detailed, step by step solution to the given problem.