[Solved] Assignment 219350

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Subject: Business    / Accounting
QuestionThe following information was taken from Kingbird, Inc. cash budget for the month of July:Beginning cash balance    $143000
Cash receipts    137000
Cash disbursements194000If the company has a policy of maintaining an end of the month cash balance of $143000, the amount the company would have to borrow isSecond Part: The following information was taken from Blue Spruce Corp. cash budget for the month JuneBeginning cash balance    $80000
Cash receipts    108000
Cash disbursements136000If the company has a policy of maintaining an end of the month cash balance of $70000, the amount the company would have to borrow isThird Part: The following credit sales are budgeted by Kingbird, Inc.:February    228000
March    319200
April273600The company’s past experience indicates that 60% of the accounts receivable are collected in the month of sale, 40% in the month following the sale. The anticipated cash inflow for the month of April is

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