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Calculate the ending cash balance for the budget period

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Reference no: EM132590452

Jaborosa, Inc., a merchandising company, has provided the following budgeted amounts for the next budget period.

Beginning cash balance $30,400
Cash collections 680,000
Payments for:
Purchases of merchandise inventory 349,700
Selling and administrative expenses 70,500
Capital expenditures. 89,000

Question 1: A minimium cashbalanc of $250,000 is required to be maintained. The company can borrow in increments of $10,000 as and when required. Assume the company can borrow the needed funds at the end of the period. Calculate the ending cash balance for the budget period.

Option A) $730,0000

Option B) $251,200

Option C) $710,400

Option D) $201,200

 

Reference no: EM132590452

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