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Below is Information from the cash budgets of a company: October November December Beginning Cash Balance $44,971 Expected Cash Receipts $63,110 Expected Cash Payments 560,762

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Below is Information from the cash budgets of a company: October November December Beginning Cash Balance $44,971 Expected Cash Receipts $63,110 Expected Cash Payments 560,762 $76,500 $66,300 Management always wants to maintain a $40,000 minimum cash balance at the end of every month. If there is an expected cash shortfall in the budget they will be proactive and borrow money at the first day of the month. That way they will not risk having too low of a balance during the month. The company has a line of credit and can borrow the exact dollar amount they need in any one month How much money does this company need to borrow, if any, in November? If they do not need to borrow any money in November.enter zero as your answer Round your answer to the nearest dollar

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