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Wehr Inc. is making its cash budget for April. The budgeted starting cash balance is $19,000. Budgeted cash receipts total $105,000 and budgeted cash disbursements total $98,000. The desired ending cash balance is $50,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due till the given month.

Required:

Prepare the company's cash budget for April in good form. Make sure to point out what borrowing, if any, would be required to attain the desired ending cash balance. 

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  • Category:- Accounting Basics
  • Reference No.:- M919392

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