Asked by Akeim Potter on May 20, 2024
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Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $188,000. The desired ending cash balance is $30,000.To attain its desired ending cash balance for January, the company should borrow:
A) $17,000
B) $0
C) $30,000
D) $43,000
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period, helping businesses manage their liquidity.
Budgeted Disbursements
Planned financial outflows or payments calculated in advance as part of a budgeting process, often categorized and scheduled over a specific period.
Desired Balance
The target or goal for the balance of an account or budget at a specific point in time.
- Calculate anticipated sales figures, cash collection, and cash spending.
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Learning Objectives
- Calculate anticipated sales figures, cash collection, and cash spending.
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