Webber company is preparing its cash budget for the

Reference no: EM13589553

Webber Company is preparing its cash budget for the upcoming quarter. The budgeted beginning cash balance is expected to be $30,000. Cash Receipts and Disbursements are as follows for each month of the quarter.

	Month 1	Month 2	Month 3
Cash Receipts	10000	11000	12000
Cash Disbursements	9000	14237	8874

Webber wants to maintain a minimum cash balance of $30067 each month of the quarter. How much will they need to borrow at anytime during the quarter (either month 1,2, or 3) in order to maintain that balance?

Reference no: EM13589553

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