Discussion Post: Managerial Accounting
DRC Incorporated is preparing its cash budget for December. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $114,000 and budgeted cash disbursements total $89,000. The desired ending cash balance is $65,000. The company can borrow up to $110,000 at any time from a local bank, with interest not due until the following month.
Task
Prepare the company's cash budget for December in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.