Business, 18.03.2020 02:55 brasherfamily14

The following informationis drawn from Royal Industries cash budget

Cash Receipts 40,000

Beg, Cash Bal. 10,000

Cash payment 48,000

Desired ending cash cushion 5,000

If there is a cash shortage, the company borrows money. if a surplus occurs funds are used to repay loans or ot invest in short-term assests. The company had no debt before January 1st. The amounted "needed" to borrow or the amount "available" for repayment of debt in Januar would be

a. 2000 available

b. 3,000 needed

c. 7000 available

d 13,000 needed

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The following informationis drawn from Royal Industries cash budget

Cash Receipts 40,000...

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