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Webster Corporation is preparing its cash budget for April, The March 31 cash balance is...

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Accounting

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Webster Corporation is preparing its cash budget for April, The March 31 cash balance is $39,800. Cash receipts are expected to be $658,000 and cash payments for purchases are expected to be $617,000. Other cash expenses expected are $28.700 selling and $35.200 general and administrative. The company desires a minimum cash balance at the end of each month of $31,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during Aprilis O $111,800 $0 O $14,100 O $16.900

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