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please help 4 Karim Corp requires a minimum $9700 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid monthly Any
please help 4 Karim Corp requires a minimum $9700 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid monthly Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $10.100, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow Cash receipts cash payments July August $25,700 533,700 30,550 31,700 September 341,700 33,700 Prepare a cash budget for July, August, and September (Negotive balances and Loon repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) KARIM CORP Cash Budget For July, August, and September July August $ 10.100 September Beginning cash balance Total cash available Preliminary cash balance indicated with minus sign. Round your final answers to the nearest whole dollar.) KARIM CORP. Cash Budget For July August, and September July August $ 10,100 September Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Loan balance $ 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month
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