The ABC Company has made the following monthly estimates of cash receipts and cash disbursements when preparing cash budgets for the next twelve months.  ABC has beginning cash on hand of $20,000 and wants to maintain this minimum cash level throughout the next year.

Cash            Cash
Month        Receipts        Disbursements
January       $100,000        $100,000    
February      $90,000        $110,000
March           $80,000        $110,000
April            $100,000        $150,000
May            $120,000        $180,000
June           $160,000        $180,000
July            $200,000        $180,000    
August       $250,000        $180,000    
September $250,000        $150,000
October     $200,000        $110,000
November  $140,000        $100,000    
December  $100,000        $100,000

A. Determine whether or not ABC will have a cash need during the next year.

B. If the company does need cash, in which month will it need the cash?

C. What is the most cash the company will need to borrow during the year (maximum amount borrowed in one month)?

D. Will the company have paid back all of its borrowings by the end of the year?