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 June 30, 2021, cash balance Dividends to be paid in cash in July Cash expenditures to be paid in July for operating expenses Depreciation expense Cash collections to be received Merchandise purchases to be paid in cash Equipment to be purchased for cash Arrowroot Company wishes to maintain a sininun cash balance of $12,00 29, ege 76,100 18,eee 283,000 114,900 42, see 40,000 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 "0wherever required.) ARROWROOT COMPANY Cash Budget for July 31, 2021 Cash balance beginning $ 100,000 Search DOLL FO e Fe pris FIO home s A 3 4 5 6 7 00 Il + 9 0 W E R T Y U o 5 6 S D F G H J L 2 C V B E DOLL ES F6 F? FB pris F10 HOT end F12 A 2 $ 4 3 5 & 7 6 8 1 O 9 W E R Y O P 4 5 S D F G H K 2 3 V B N M 0 02 ? 16:49 2. Supposing the cash management policy at Arrowroot permits borrowing up to $40,000 for the purpose of financial stack, how much will be borrowed? Borrowings 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 June 30, 2021, cash balance Dividends to be paid in cash in July Cash expenditures to be paid in July for operating expenses Depreciation expense Cash collections to be received Merchandise purchases to be paid in cash Equipment to be purchased for cash Arrowroot Company wishes to maintain a sininun cash balance of $12,00 29, ege 76,100 18,eee 283,000 114,900 42, see 40,000 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 "0wherever required.) ARROWROOT COMPANY Cash Budget for July 31, 2021 Cash balance beginning $ 100,000 Search DOLL FO e Fe pris FIO home s A 3 4 5 6 7 00 Il + 9 0 W E R T Y U o 5 6 S D F G H J L 2 C V B E DOLL ES F6 F? FB pris F10 HOT end F12 A 2 $ 4 3 5 & 7 6 8 1 O 9 W E R Y O P 4 5 S D F G H K 2 3 V B N M 0 02 ? 16:49 2. Supposing the cash management policy at Arrowroot permits borrowing up to $40,000 for the purpose of financial stack, how much will be borrowed? Borrowings
