Sandhill Company has the following cash budget information available for the month of August: Beginning cash balance...
Sandhill Company has the following cash budget information
available for the month of August:
| Beginning cash balance | $110,000 | |
| Cash receipts from sales and collections on account | 113,000 | |
| Collection of note receivable and interest | 8,600 | |
| Cash disbursements for operating expenses | 96,600 |
If the company has a policy of maintaining an end of the month cash
balance of $110,000, determine the amount the company would have to
borrow or the amount of excess cash it will have to invest in
August.
| The company would have to invest |
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Sandhill Company has the following cash budget information available for the month of August: Beginning cash balance...
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August.
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