Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash

Question

Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $42.000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $50.000. The company can borrow up to $160,000 at any time from a local bank, with interest not due until the following month. Required sso Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

Explanation / Answer

Cash Budget For the month of March Amount ($) Beginning Cash Balance $       42,000 Cash receipt $   1,78,000 Cash Available before disbursement $   2,20,000 Cash disbursement $ -1,75,000 Cash Balance after disbursement $       45,000 Amount borrowed $         5,000 Ending cash Balance $       50,000

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