Question

Zolezzi Inc. Is preparing its cash budget for March. The budgeted beginning cash balance is $22,000. Budgeted cash recelpts total $113,000 and budgeted cash disbursements total $90,000. The desired ending cash balance is $60,000. The company can borrow up to $100,000 at any time from a local bank, with Interest not due until the following month 12 Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance. 8 points 01.28 54 Beginning cash balance Add cash receipts References Total cash available Less cash disbursements Excess (deficiency) of cash available over disbursements Borrowings Ending cash balance Mc Graw Hi < Pre Next> 12 of 17

Answer 1

Solution Cash Budget Arnt Begning Carh Add Cash recclptu Totil balonce 22,000 13, 000 Cosh auailable ,35,00D 0,050) 45,000 15000 60000 less Canh Excess of ceh auailable disburnement usburasments Oner alonre cash Scanned CS CamScanrer