McGraw-Hill Connect X Question 7 - Ch 20 Graded Hom X + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... G Q * YouTube Chrome Maps M Gmail (() Dashboard Institution Page opu MyOdu | Main view Settings - P Ch 20 Graded Homework i Saved Help Save 7 Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 2.5 points 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total cash receipts $330,000 $450,000 $380,000 $400,000 Total cash disbursements $379,000 $349,000 $339,000 $359,000 eBook Hint The company's beginning cash balance for the upcoming fiscal year will be $22,000. Print The company requires a minimum cash balance of $10.000 and mav borrow anv amount Mc Graw Hill Q Search 24 a 9 Cloudy2 McGraw-Hill Connect X Question 7 - Ch 20 Graded Hom X + - C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&la... G Q 2 YouTube Chrome Maps Gmail () Dashboard (()) Institution Page opu MyOdu | Main view Settings - Pas Ch 20 Graded Homework Saved Help Save & Ch The company's beginning cash balance for the upcoming fiscal year will be $22,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow 2.5 any amount at the beginning of any quarter and may repay its loans, or any part of its points loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded. eBook I Hint Required: Complete the company's cash budget for the upcoming fiscal year. (Cash deficiencies, Print disbursements, repayments, and interest should be indicated by a minus sign.) Mc Graw Hill 54OF Q Search 24 a 9 Cloudy