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nda Industries has budgeted the following information for March: Cash receipts 5,000 Beginning cash balance 25,000 cash payments Desired ending cash balance e is a

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nda Industries has budgeted the following information for March: Cash receipts 5,000 Beginning cash balance 25,000 cash payments Desired ending cash balance e is a cash shortage, the company borrows money from the bank. All ashis borroued at eginning of the month in $1,000 increments, and interest is paid montbly at 13 on the firt: of the following month. The company had no debt before March L. How much ochwinithe npany need to borrow in March? $29,000 The company should not need to borrow any cash in March

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