Question
The following information was taken from Novak Corp. cash budget for the month of April Beginning cash balance $ 146000 Cash receipts 132000 Cash disbursements
The following information was taken from Novak Corp. cash budget for the month of April
| Beginning cash balance | $146000 | |
| Cash receipts | 132000 | |
| Cash disbursements | 166000 | |
| Depreciation | 32000 |
If the company has a policy of maintaining an end of the month cash balance of $122000, the amount the company would have to borrow is
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
