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Acash budget for the first three quarters of Briser incorporated is given below 000 omitted. The company requires a minimum cash balance of at least

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Acash budget for the first three quarters of Briser incorporated is given below 000 omitted. The company requires a minimum cash balance of at least $5,000 to start each que inecessary, the company will domow money from its bank to maintain this balance. The company will pay no interest in Quarters 2. und 3. It will repay as much of its borrowings as possible as soon as it has more than $5.000 in cash in a given que pose the company starts the first quarter with no bank debt. How much total bank debt does the company expect to have at the end of the third quarter? Cash Budget Quarter 1000 omitted 2 2 50 127 21 Cash balance beginning Add collections from customers Total cash valable Less disbursements Purchase of inventory 2 37 55 3 64 45 50 7 10 2 2 2 2 7 Equipment purchases Dividends Total disbursements Excess oficiency of cash available over disbursements Financing Borrowings Repayments Total financing Cash balance, ending

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