Which is the correct answer? The following information was reported in a cash budget: Beginning cash balance $280,000 Cash payments 494,000 Cash receipts 370,000 Minimum cash balance desired 200,000 How much cash will the company have to borrow in order to meet its required needs? a. $64,000 b. $124,000 c. $0 d. $44,000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Which is the correct answer?
The following information was reported in a
Beginning cash balance $280,000
Cash payments 494,000
Cash receipts 370,000
Minimum cash balance desired 200,000
How much cash will the company have to borrow in order to meet its required needs?
a. $64,000
b. $124,000
c. $0
d. $44,000
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