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The monthly cash budgets for the first quarter of 2022 follow ( $000 omitted) for Tuscano Manufacturing Company. A minimum cash balance of $19,000 is
The monthly cash budgets for the first quarter of 2022 follow ( $000 omitted) for Tuscano Manufacturing Company. A minimum cash balance of $19,000 is required to start each month, and a $50,000 line of credit has been arranged with a local bank at a 12% interest rate. Required: Calculate the missing amounts. (Hint: The total cash available includes collections from customers for all three months, plus the beginning cash balance from January 1, 2022.) Note: Enter your answers in thousands rounded to 2 decimal places. (i.e., 20,550 should be entered as 20.55 ). Use 360 days a year for calculations
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