You recently began a job as an accounting intern at Mountain Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget Mountain Adventures Combined Cash Budget February and March February 16,300 $ More info 0 $ 106,600 Mountain Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 8% Mountain Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available 47.200 Beginning cash balance Plus: Cash collections Plus: Cash from sale of plant assets Total cash available Less: Cash payments (purchase inventory Less Cash payments operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing Pus: New borrowings Less Debt repayments s 97 300 25,000 Print Done Help me solve this Video Get more help Clear all Check answer You recently began a job as an accounting intern at Mountain Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget Mountain Adventures Combined Cash Budget February and March February 16,300 $ More info 0 $ 106,600 Mountain Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 8% Mountain Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available 47.200 Beginning cash balance Plus: Cash collections Plus: Cash from sale of plant assets Total cash available Less: Cash payments (purchase inventory Less Cash payments operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing Pus: New borrowings Less Debt repayments s 97 300 25,000 Print Done Help me solve this Video Get more help Clear all Check