Laughton

Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000.

Laughton

Auto Parts borrows as little as possible and pays back loans in quarterly installments of

$2,500,

plus

3%

APR interest on the entire unpaid principal. The first payment occurs three months after the loan.

1. Prepare Laughton Auto Parts' cash budget for January and February. 2. How much cash will Laughton Auto Parts brow in February if collections from customers that month total $14,400 instead of $15,400 ? Requirement 1. Prepare Lipman Auto Parts' cash budget for January and February. minus sign when entering a deficiency-! Requirement 2. How much cash will Lipman Auto Parte bonow in February f collections from customers that month tatal $13.700 inste; If cash collections in February are $14,400 1atead of $15,4002 ie company will bomow 1. Prepare Laughton Auto Parts' cash budget for January and February. 2. How much cash will Laughton Auto Parts brow in February if collections from customers that month total $14,400 instead of $15,400 ? Requirement 1. Prepare Lipman Auto Parts' cash budget for January and February. minus sign when entering a deficiency-! Requirement 2. How much cash will Lipman Auto Parte bonow in February f collections from customers that month tatal $13.700 inste; If cash collections in February are $14,400 1atead of $15,4002 ie company will bomow