Rogers Services, Inc, has $8,200 cash on hand on October 1 . The comparry requires...
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Rogers Services, Inc, has $8,200 cash on hand on October 1 . The comparry requires a minimum cash balance of $7,100. October cash collections are $548,390. Total cash payments for October are \$570,840. Prepare a cash budget for October. How much cash, if any, will Rogers need to borrow by the end of October? Complele the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies)
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