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Wehr Inc. is preparing its cash budget for April. The budgeted beginning cash balance is $29,000 Budgeted cash receipts tota $100,000 and budgeted cash disbursements
Wehr Inc. is preparing its cash budget for April. The budgeted beginning cash balance is $29,000 Budgeted cash receipts tota $100,000 and budgeted cash disbursements total $91,000 The desired ending cash balance is $55,000. The company can borrow up to $50,000 at any time from a local bank with interest not due until the following month. Required Complete the company's cash budget for April in good form. Make sure to indicate what borrowing, if any would be needed to attain the desired ending cash balance. (Input all amounts as positive values. Omit the $" sign in your response.) Cash balance, beginning Add cash receipts Total cash available Less cash disbursement Excess (deficiency) of cash available over disbursements Borrowings Cash balance, ending
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