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Pasadena Window, Inc. wants to maintain a minimum monthly cash balance of $10,000. At the beginning of september, the cash balance is $15,450;expected cash receipts
Pasadena Window, Inc. wants to maintain a minimum monthly cash balance of $10,000. At the beginning of september, the cash balance is $15,450;expected cash receipts for the month are $220,000;and cash disbursements are expected to be $240,000. Not included in the disburserments number is an additional $12,000 for tax payments. How much cash, if any must Pasadena Window borrow to maintain the desired minimum balance of $10,000?
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