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What is the anticipated ending cash balance at july

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Reference no: EM133175200

Question - Team sports requires a minimum monthly cash balance remain in the bank of $10,000.

For the first month of July:

Opening cash balance, July 1 - $20,000

Anticipated receipt, July - $120,000

Anticipated disbursement, July - $150,000

What is the anticipated ending cash balance at July 31st?

Does team sports need to borrow (finance) in order to maintain the minimum ending balance? If yes, how much?

What type of budget is a cash budget (operating or financial)?

What's financial statement does this budget related to?

Reference no: EM133175200

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