Freet inc is preparing its cash budget for november the

Reference no: EM13588668

Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $101,000 and budgeted cash disbursements total $90,000. The desired ending cash balance is $85,000. The company can borrow up to $60,000 at any time from a local bank, with interest not due until the following month.

Required:

Prepare the company's cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance. (Input all amounts as positive values. Omit the "$" sign in your response.)


Cash balance, beginning	$
Add cash receipts

Total cash available
Less cash disbursement

Excess (deficiency) of cash available over disbursements
Borrowings

Cash balance, ending	$

Reference no: EM13588668

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