- Sheffield Corporation S Management Wants To Maintain A Minimum Monthly Cash Bulance Of 10 560 A The Cash Balance Is 16 1 (25.01 KiB) Viewed 12 times
- Sheffield Corporation S Management Wants To Maintain A Minimum Monthly Cash Bulance Of 10 560 A The Cash Balance Is 16 2 (37.53 KiB) Viewed 12 times
- Sheffield Corporation S Management Wants To Maintain A Minimum Monthly Cash Bulance Of 10 560 A The Cash Balance Is 16 3 (37.53 KiB) Viewed 12 times
Sheffield Corporation's management wants to maintain a minimum monthly cash balance of $10.560. At the beginning of September, the cash balance is $16,196, expected cash receipts for September are $128,304, and cash disbursements are expected to be $151,800. How much cash, if any, must Sheffield borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (453) Beginning cash balance Add MI Cash receipts for September Total available cash V Cash disbursements for September SHEFFIELD CORPORATION Cash Budget For September Excess (deficiency) of available cash over cash disbursements Add VI Borrowings Ending cash balance Hence, Sheffield must borrow $ 16196 128.304 144500 151800 10560