The following is a cash budget. Assume need a minimum cash balance of 5,000 at the start of each month. All borrowing are made in even 1,000 increments (not repayments). No borrowing or investments exist at the beginning of July. Interest is 1% per month.

2. The following is a cash budget. of each month. All borrowing are made in even 1,000 increments (not repayments). No borrowing or investments exist at the beginning of July. Interest is 1% per month. Assume need a minimum cash balance of 5,000 at the start Jul $7,500 16,500 September (difficult August Beg Cash Balance 20,000 Cash Recei Total cash avail Cash Disbursements 40,000 7,000 9,000 26,010 Pa invento 10,000 8,000 12,000 S&A Interest Total Disbursement 20 Financin Cash surplus (shorta Borrowing ? (0) (2,000) 1,000 5,000 Ending cash balance Fill in the boxes: Missing Your answer Miss our answeT