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Wilson Company is preparing its cash budget for the upcoming month. Tho budgeted beginning cash balance is expected to be $36,000. Budjeted cash recelpts are
Wilson Company is preparing its cash budget for the upcoming month. Tho budgeted beginning cash balance is expected to be $36,000. Budjeted cash recelpts are $94,000, while budgeted cast disbursements are $122,000. Wilson Company wants to have an ending cash balance of $50,000. How much would Wiscen Company need to borrow to achieve its desired ending cash balance? A. $1,000 B. $58,000 C. $22,000 D. $42,000
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