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How much will your company need to borrow

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Question - Your Company is currently preparing its cash budget for next month and has gathered the following information:

Expected cash receipts $39,400

Expected cash disbursements:

Direct materials $12,000

Direct labor $9,000

Manufacturing overhead $11,500

Selling and administrative expenses $22,000

Depreciation $7,500

The beginning cash balance will be $7,000 and the company requires a minimum cash balance at the end of the month of $10,000. How much will Your Company need to borrow to meet its cash needs for the month?

Reference no: EM133038324

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