Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. freet inc. is preparing its cash budget for novemb

Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is...

70.2K

Verified Solution

Question

Accounting

Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $109,000 and budgeted cash disbursements total $94,000. The desired ending cash balance is $55,000. The company can borrow up to $60,000 at any time from a local bank, with interest not due until the following month.

Required:

Prepare the company's cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

We are evaluating a project that costs $670,000, has a life of 5 years, and has...

Advance Math
1.2K views

State and prove the Generalised Mean Value Theorem.

Chemistry
1.2K views

Consider a buffer made by adding 132.8 g of NaC₇H₅O₂ to 300.0 mL of 2.15 M...

Psychology
1.2K views

Briefly explain how reproductive technologies are becoming increasingly sophisticated, allowing parents to choose the sex of the...

Finance
1.2K views

?The annual sales for? Salco, Inc. were $4.46 million last year. The? firm's end-of-year balance sheet was...

Biology
1.2K views

Please label the image to demonstrate your understanding of the Krebs cycle 6 Citrate Pyruvate...

Biology
1.2K views

Which of the following is responsible for the majority of ATP production during cellular respiration...

Statistics
1.2K views

A variable is normally distributed with mean 23 and standard deviation 8 Round your answers...

Algebra
1.2K views

V n 2 ed Quiz 3 6 If the given sequence is a geor 64...

Accounting
1.2K views

A 3D printer exclusively for producing dental molar crowns, complete with all the contouring and...

Accounting
1.2K views

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable...

Finance
1.2K views

Obtain a closed-form solution (Expected value and Variance of the short rate ) of the...