Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. olea company is preparing the cash budget for june

Olea Company is preparing the cash budget for June. - The company's desired minimum cash...

50.1K

Verified Solution

Question

Accounting

image
Olea Company is preparing the cash budget for June. - The company's desired minimum cash balance is $40,000. - On May 31st, the cash balance is $80,000. - The expected cash receipt in June is $250,000 and the expected cash disbursement is $400,000. - To maintain the minimum cash balance, Olea Company will need to borrow money from the bank.' How much will they need to borrow? $110,000 $80,000 $150.000 $40.000 $190.000 $70000

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

Psychology
1.2K views

Discuss three ways through which the Food Aid Regime impacted the global livestock complex.

Physics
1.2K views

An object is solid throughout. When the object is completely submerged in ethyl alcohol, its apparent...

Biology
1.2K views

Thought Questions 15 Describe the differences between Gram positive and Gram negative bacteria has thick...

Geometry
1.2K views

4 The length of one side of the square below is 20 Determine the perimeter...

Basic Math
1.2K views

View Policies Current Attempt in Progress Kaspar Industries expects credits expected that 75 of the...

Accounting
1.2K views

If Sales in Q2 have been estimated to be $1,000,000. Sales in Q2 depended...

Accounting
1.2K views

Imperial Jewelers is considering a special order for 23 handcrafted gold bracelets to be given...

Accounting
1.2K views

please give me accurate answer. Many answers are uploaded of the same question, which are...

Accounting
1.2K views

Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your...

Accounting
1.2K views

The chief financial officer (CFO) alerted you that a competitor has expressed an interest in...

Finance
1.2K views

Bir ev satn almak istiyorsunuz ve 220.000 $ bor almanz gerekecek. Kredinizin faiz oran aylk...

Accounting
1.2K views

Explain briefly the meaning and importance of any three of the following method of developing...