1.The minimum cash balance for each month must be $15,000. 2.Collections and disbursement amounts are found in...
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1.The minimum cash balance for each month must be $15,000.
2.Collections and disbursement amounts are found in the instructions, and the variables tabs.
3.After subtracting total disbursements from total available cash, the balance should be either your ending bank balance, or the beginning determination for how much you need to borrow. (Deficiency plus minimum balance)
4.If you have excess cash, the amount greater than the minimum balance should be used to pay off any remaining borrowings.
5.For this exercise, there will be no interest earned from excess cash, nor interest expense from borrowing.
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