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 3e, 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 minimum cash balance of $126, eee 42,00 82,689 12,600 196,000 121, 4ee 46,400 66, eee 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 "0" wherever required.) ARROWROOT COMPANY Connect (45) Agar Tum Saath Ho FULL AUX III Assignments Management Acco X education.com/ext/map/index.html?con=con&external browser=0&launchUrl=https%253A%252F M Gmail YouTube Maps #2 A Saved ARROWROOT COMPANY Cash Budget for July 31, 2021 Total cash available before current financing Less disbursements: Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Interest at Delentml?_con=contexternal_browser=0&launchurl=https%253A%252F%252Fims meducation.com%252F YouTube Maps aks M Gmail -st #2 Sawed Help Save & Exit Submit Repayments Interest Total financing 2. Supposing the cash management policy at Arrowroot permits borrowing up to $66,000 for the purpose of financial slack, how much will be borrowed? Borrowings 3. This part of the question is not part of your Connect assignment 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 3e, 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 minimum cash balance of $126, eee 42,00 82,689 12,600 196,000 121, 4ee 46,400 66, eee 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 "0" wherever required.) ARROWROOT COMPANY Connect (45) Agar Tum Saath Ho FULL AUX III Assignments Management Acco X education.com/ext/map/index.html?con=con&external browser=0&launchUrl=https%253A%252F M Gmail YouTube Maps #2 A Saved ARROWROOT COMPANY Cash Budget for July 31, 2021 Total cash available before current financing Less disbursements: Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Interest at Delentml?_con=contexternal_browser=0&launchurl=https%253A%252F%252Fims meducation.com%252F YouTube Maps aks M Gmail -st #2 Sawed Help Save & Exit Submit Repayments Interest Total financing 2. Supposing the cash management policy at Arrowroot permits borrowing up to $66,000 for the purpose of financial slack, how much will be borrowed? Borrowings 3. This part of the question is not part of your Connect assignment
