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Thomas Mart's management wants to maintain a minimum monthly cash balance of $5,000. At May 1 , its cash balance is $5,100, expected cash receipts
Thomas Mart's management wants to maintain a minimum monthly cash balance of $5,000. At May 1 , its cash balance is $5,100, expected cash receipts for May are $97,600, and cash disbursements are expected to be $104,500. How much cash must Thomas Mart borrow to maintain the desired minimum monthly balance? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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