Wright Services, Inc., has $ 8 comma 800 cash on hand on August 1. The company requires a minimum cash balance of $ 7 comma 400. August cash collections are $ 548 comma 400. Total cash payments for August are $ 563 comma 380. Prepare a cash budget for August. How much cash, if any, will Wright need to borrow by the end of August ?
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Home » Business » Wright Services, Inc., has $ 8 comma 800 cash on hand on August 1. The company requires a minimum cash balance of $ 7 comma 400. August cash collections are $ 548 comma 400. Total cash payments for August are $ 563 comma 380.