Business, 15.02.2021 02:20 Nicoleycannolii
Washam Company must maintain a minimum cash balance of $25,000. At the beginning of June the company’s cash balance was $17,000. Budgeted cash receipts for June are $150,000 and budgeted cash disbursements are $201,000. Budgeted net income for July totals $11,000. How much will Washam Company need to borrow by the end of June?
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Washam Company must maintain a minimum cash balance of $25,000. At the beginning of June the company...
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