Business, 02.07.2019 22:10 linnialmira

Bantam industries has budgeted the following information for march: cash receipts $271,000beginning cash balance $5,000cash payments $280,000desired ending cash balance $25,000if there is a cash shortage, the company borrows money from the bank. all cash is borrowed at the beginning of the month in $1,000 increments. interest is paid monthly on the first day of the following month. the interest rate is 1% per month. the company had no debt before january 1st. the ending cash balance on january 31 would be

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Bantam industries has budgeted the following information for march: cash receipts $271,000beginning...

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