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Rogers Services, Inc., has $ 8 , 1 0 0 cash on hand on December 1 . The company requires a minimum cash balance of
Rogers Services, Inc., has $ cash on hand on December The company requires a minimum cash balance of $ December cash collections are $ Total cash payments for December are $ Prepare a cash budget for December. How much cash, if any, will Rogers need to borrow by the end of December?
Complete the cash budget below. Use parentheses or a minus sign for negative ending cash balances or deficiencies.
Rogers Services, Inc.
Combined Cash Budget
For the Month Ended December
Beginning cash balance
Plus: Cash collections
Total cash available
Less: Cash payments
Ending cash balance before financing
Plus: New borrowings
Ending cash balance
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