Question

D. 30,000 pound 7. Rogers Corporation is preparing its cash budget for July. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $141,000 and budgeted cash disbursements total $139,000. The desired ending cash balance is $30,000 To attain its desired ending cash balance for July, the company should borrow A. $30,000 B. $0 $3,000 57,000

Answer 1

7.

Beginning cash balance	25,000
Budgeted cash receipts	141,000
Total available cash	166,000
Budgeted cash disbursements	- 139,000
Excess of available cash over cash disbursements	27,000
Borrowings required	3,000
Ending cash balance	$30,000

Borrowings required = Ending cash balance - Excess of available cash over cash disbursements

= 30,000 - 27,000

= $3,000

Correct option is (C)

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