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Pina Colada Corporation's management wants to maintain a minimum monthly cash balance of $9,920. At the beginning of September, the cash balance is $15,215,
Pina Colada Corporation's management wants to maintain a minimum monthly cash balance of $9,920. At the beginning of September, the cash balance is $15,215, expected cash receipts for September are $120,528, and cash disbursements are expected to be $142,600. How much cash, if any, must Pina Colada borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) PINA COLADA CORPORATION Cash Budget For September
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