TB MC Qu. 13-79 (Algo) Ari, Inc. is working on its cash budget.. Ari, Inc. Is working on its cash budget for December. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $140,000 and budgeted cash disbursements total $139,000. The desired ending cash balance is $66,000. To attain its desired ending cash balance for December, the company needs to borrow: Any borrowing is in multiples of $1,000 and interest is paid in the month following the borrowing. To attain its desired ending cash balance for December, the company needs to borrow:
TB MC Qu. 13-79 (Algo) Ari, Inc. is working on its cash budget.. Ari, Inc. Is working on its cash budget for December. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $140,000 and budgeted cash disbursements total $139,000. The desired ending cash balance is $66,000. To attain its desired ending cash balance for December, the company needs to borrow: Any borrowing is in multiples of $1,000 and interest is paid in the month following the borrowing. To attain its desired ending cash balance for December, the company needs to borrow:
Chapter7: Payroll
Section: Chapter Questions
Problem 3.11C
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