You are provided with the following information taken from Langerhan Inc.s March 31, 2014, balance sheet.

Cash		$ 11,000
Accounts receivable		20,000
Inventory		36,000
Property, plant, and equipment, net of depreciation		120,000
Accounts payable		22,400
Common stock		150,000
Retained earnings		11,600

Additional information concerning Langerhan Inc. is as follows.

1.		Gross profit is 25% of sales.
2.		Actual and budgeted sales data:
		March (actual)		$46,000
		April (budgeted)		70,000

3.		Cash collections expected in April are:
		March		$18,400		(40% of $46,000)
		April		42,000		(60% of $70,000)
				$60,400

4.		Half of a months purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are:
		Purchases March	$22,400
		Purchases April	28,100
			$50,500

5.		Cash operating costs are anticipated to be $11,200 for the month of April.
6.		Equipment costing $2,500 will be purchased for cash in April.
7.		The company wishes to maintain a minimum cash balance of $9,000. An open line of credit is available at the bank. All borrowing is done at the beginning of the month, and all repayments are made at the end of the month. The interest rate is 12% per year, and interest expense is accrued at the end of the month and paid in the following month.

Prepare a cash budget for the month of April. Determine how much cash Langerhan Inc. must borrow, or can repay, in April.

You are provided with the following information taken from Langerhan Inc. s March 31, 2014, balance sheet. Additional information concerning Langerhan Inc. is as follows. Half of a months purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are: Prepare a cash budget for the month of April. Determine how much cash Langerhan Inc. must borrow, or can repay, in April. You are provided with the following information taken from Langerhan Inc. s March 31, 2014, balance sheet. Additional information concerning Langerhan Inc. is as follows. Half of a months purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are: Prepare a cash budget for the month of April. Determine how much cash Langerhan Inc. must borrow, or can repay, in April