has been costs of $17 per bundle on the in takes 25 minutes for a worker to mount the picture, cut the puzle, and pack it in a box. Workers are paid $6.80 per hour; fr for $140 in a box that costs selies overhead at a rate nf e D5-26 Determining required financing (LO 4) Will Benjamin has been working on Heston Paints' cash budget for the coming year. Based on his projections for March, the beginning cash balance will be $45,700, cash collections will be $650,000, and cash disbursements will be $684,000. Heston Paints desires to maintain a $45,000 minimum cash balance. The company has a 12% open line of credit with its bank, which provides short-term borrowings in $500 increments. All borrowings are made at the begi the month, and all repayments are made at the end of the month (in $500 increments). Accrued interest is paid at the time of repayment. Required nning of How much will Heston Paints need to borrow from the bank at the beginning of March? Assuming that Heston Paints has $20,000 in excess cash budgeted for April, how much principal will the company plan to repay? How much interest will be repaid in April? DS-2