Question 22 Not yet answered Marked out of 25.00 Prepare Cash Budget For 3 Months Windsor Corporation expects the following cash receipts and disbursements during the first quarter of 2016 (receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 2016) Cash receipts Cash disbursements January February March $460,000 $470,000 $430,000 420,000 550,000 450,000 The expected cash balance at January 1, 2016, is $105,000. Windsor wants to maintain a cash balance at the end of each month of at least $90,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings (in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March 31, 2016. Windsor Corporation Cash Budget for the Quarter Ended March 31, 2016 Beginning cash balance Cash receipts Short-term borrowings Cash available Cash disbursements Interest payment Total cash disbursements Ending cash balance $ $ $ $ January February $ $ $ $ $ $ $ Flag question $ March

Pasquesen Prepare Cash Budget For 3 Months Windsor Corporation expects the following cash receipts and dishersements during the first quarter of 2016 (receipts exclude new borrowings and dis bursements exclude inteiest payments on toriowingsince fanuary 1, 2016) with interest for that monsh paid at the end st the monch. Prepare a cash budget for the quarter ended March 31,2016