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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?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9967130

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