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26 June, 14:05

Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,700. Budgeted cash receipts total $186,500 and budgeted cash disbursements total $189,400. The desired ending cash balance is $30,700. To attain its desired ending cash balance for January, the company should borrow:

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  1. 26 June, 14:17
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    Cash borrow = $14,900.

    Explanation:

    Given,

    The company budgeted ending cash balance is $30,700.

    We know,

    Budgeted ending cash balance = Budgeted beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements + Budgeted cash borrow

    Given,

    Budgeted ending cash balance = $30,700.

    Budgeted beginning cash balance = $18,700

    Budgeted cash receipts = $186,500

    Budgeted cash disbursements = $189,400

    Budgeted cash borrow = ?

    Putting the values into the formula, we can get

    $30,700 = $18,700 + $186,500 - $189,400 + Cash borrow

    Or, $30,700 - ($18,700 + $186,500 - $189,400) = Cash borrow

    Or, $30,700 - $18,700 - $186,500 + $189,400 = Cash borrow

    Or, $220,100 - $205,200 = Cash borrow

    Or, $14,900 = Cash borrow

    Or, Cash borrow = $14,900.

    Therefore, cash borrow is $14,900.
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