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Lewtons Lawn & Garden budgeted the following cash flows: January February March Cash Receipts $60,000 $58,000 $87,000 Cash Payments For Inventory Purchases 50,000 55,000 65,000
Lewtons Lawn & Garden budgeted the following cash flows: January February March Cash Receipts $60,000 $58,000 $87,000 Cash Payments For Inventory Purchases 50,000 55,000 65,000 For S&A Expenses 16,000 17,000 18,000 Lewton had a cash balance of $15,000 on January 1. The company wants to maintain a cash balance of at least $10,000 at the end of each month. Lewton has a line of credit with the bank that allows it to borrow and repay in increments of $1,000 at 10% interest each month. How much Total Cash does Lewton have available during January? Do not enter dollar signs or commas in your
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