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Foyert Corp requires a minimum $30,000 cash balance. Loans taken to meet this requirement cost...

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Accounting

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Foyert Corp requires a minimum $30,000 cash balance. Loans taken to meet this requirement cost 136 Interest per month paid monthy. Any excess cash is used to repay loans at month-end. The cash balance on October 115 $30.000 and the company has an outstanding loan of $10,000. Forecasted cash receipts other than for loans receved) and forecasted cash payments (other than for loan or interest payments follow. October November December $110,000 $80,000 $100,000 Caph receipts Caph payments 120,000 75,000 80,000 Prepare a cash budget for October, November, and December. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) FOYERT CORP. Cash Budget For October, November, and December October November December Beginning cash balance $ 30,000 Total cash available Preliminary cash balance Ending cash balance Loan balance Loan balance - Beginning of $ 10.000 month Additonal loan loan repayment) Loan balance - End of month

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