Enciso Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $31,000. Budgeted cash receipts total $135,000 and budgeted cash disbursements total $141,000. The desired ending cash balance is $50,000. The company can borrow up to $100,000 at any time from a local bank, with interest not due until the following month.
Prepare the company's cash budget for November in good form.© BrainMass Inc. brainmass.com October 10, 2019, 5:14 am ad1c9bdddf
Cash budget - Enciso Corporation
Beginning cash balance: $31,000
Cash receipts ...
This solution prepares a cash budget for November in good form, for Enciso Corporation.