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  1. business
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  3. the company's beginning cash balance for next year

The company's beginning cash balance for next year will be $38,000. The company requires a...

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Accounting

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The company's beginning cash balance for next year will be $38,000. The company requires a minimum cash balance of $10,000 and may borrow money at the beginning of any quarter and may repay any part of its loans at the end of any quarter. Interest payments. based on a quarterly interest rate of 3%, are due on any principal at the time it is repald. For simplicity, assume inferest is not compounded. Required: Prepare the company's cash budget for next year: Note: Repayments, interest, and cosh deficiencies should be indicated by o minus sign

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