SaveCo Services, Inc., has $ 8 comma 600 cash on hand on May 1. The company requires a minimum cash balance of $ 7 comma 500. May cash collections are $ 548 comma 480. Total cash payments for May are $ 563 comma 420. Prepare a cash budget for May. How much cash, if any, will SaveCo need to borrow by the end of May?

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?