Has $ 8 comma 400 cash on hand on October 1. The company requires a minimum cash balance of $ 7 comma 300. October cash collections are $ 548 comma 310. Total cash payments for October are $ 578 comma 140. Prepare a cash budget for October. How much cash, if any, will Howard need to borrow by the end of October?

Borrowing of $29,040

Explanation:

Whether or not Howard needs to borrow at end of October can be ascertained by computing the cash excess or shortfall a shown below:

Opening cash  balance        $8,400

Cash collections                $548,000

Cash available                   $556,400

Cash payments                  ($578,140)

Desired cash balance       ($7,300)

Cash shortfall                    ($29,040)

The company has to borrow $29,040 in order to be able to make the desired cash payment and still have the desired cash closing balance of $7,300 at end of October

tell me the question and i will be able to answer : )

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )