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please answer all questions even the one with numbers already inputted The controller of Arrowroot Company wishes to improve the company's control system by preparing
please answer all questions even the one with numbers already inputted
The controller of Arrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021: *Dividends are payable to shareholders of record on declaration date, 30 days after declaration. Required: 1. Prepare a cash budget for the month ended July 31, 2021, indicating how much, if anything, Arrowroot will need to borrow to meet its minimum cash requirement. (Leave no cells blank - be certain to enter "O" wherever required.) 2. Supposing the cash management policy at Arrowroot permits borrowing up to $32,000 for the purpose of financial slack, how much will be borrowedStep by Step Solution
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