Question Completul lacus. QUESTION 1 The following assumptions are related to the Cash Budget for Widget Inc. Widget must maintain a minimum $30,000 cash balance Widget must borrow/repay from the bank in increments of $5000 If they borrow money, they borrow at the END of month Further information about cash flows in the month of October: Cash Available: Beginning Cash (Oct 1): $50,000 o Cash Receipts in October: $115,000 Cash Disbursements during October: o S&A expenses: $22,000 o Inventory purchases: $47,000 o Building Purchase: $250,000 1. How much excess or deficiency of cash will Widget have in October? (if a deficiency, please put a negative sign "-" in front of the answer) QUESTION 2 2. Use the same information as in Question 1 If needed, how much cash will Widget need to borrow in the month of October? (just enter the number, no number signs or commas) QUESTION 3 Choose True for free points True False