The following information was taken from Kingbird, Inc. cash budget for the month of July:
| Beginning cash balance |
$143000 |
| Cash receipts |
137000 |
| Cash disbursements |
194000
|
If the company has a policy of maintaining an end of the month cash balance of $143000, the amount the company would have to borrow is
Second Part: The following information was taken from Blue Spruce Corp. cash budget for the month June
| Beginning cash balance |
$80000 |
| Cash receipts |
108000 |
| Cash disbursements |
136000
|
If the company has a policy of maintaining an end of the month cash balance of $70000, the amount the company would have to borrow is
Third Part: The following credit sales are budgeted by Kingbird, Inc.:
| February |
228000 |
| March |
319200 |
| April |
273600
|
The company's past experience indicates that 60% of the accounts receivable are collected in the month of sale, 40% in the month following the sale. The anticipated cash inflow for the month of April is