MARCH:

cash receipts: 250,000

cash dispursments: 260,000

Prepare Cash Budget For 3 Months Cinco Corporation expects the following cash receipts and disbursements during the first quarter of the year. (Receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1.) The expected cash balance at January 1 is $42,000. Cinco Corporation wants to maintain a cash balance at the end of each month of at least $40,000. Shortterm borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000 ) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31. -Note: Do not use negative signs with you answers. Ch 9 Problem and Data Analytics Prepare Cash Budget For 3 Months Cinco Corporation expects the following cash receipts and disbursements during the first quarter of the year. (Receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1.) The expected cash balance at January 1 is $42,000. Cinco Corporation wants to maintain a cash balance at the end of each month of at least $40,000. Shortterm borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000 ) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31. -Note: Do not use negative signs with you answers. Ch 9 Problem and Data Analytics