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  1. business
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  3. the monthly cash budgets for the second quarter of

The monthly cash budgets for the second quarter of 2016 follow ($000 omitted) for Morrison...

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Accounting

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The monthly cash budgets for the second quarter of 2016 follow ($000 omitted) for Morrison Mfg. Co. A minimum cash balance of $19,000 is required to start each month, and a $50,000 line of credit has been arranged with a local bank at a 13% interest rate. Required: Calculate the missing amounts (Enter your answers in thousands rounded to 2 decimal places. (i.e., 20, 550 should be entered as 20.55). Use 360 days a year for calculations.)

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