At the beginning of november, watson industries has a cash balance of $3,461,000. they have expected cash receipts of $712,000 and expected cash disbursements of $1,397,000 for the month of november. if watson industries wants to maintain a minimum monthly balance of $3,000,000, how much cash should they borrow in november

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance

= $3,461,000 + $712,000 - $1,397,000 - $3,000,000

= $224,000

Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

how does that happen,where u steel points

107x106 is the answer