Zoo Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $21,000. Budgeted cash receipts total $117,000 and budgeted cash disbursements total $86,000. The desired ending cash balance is $65,000. The company can borrow up to $100,000 at any time from a local bank, with interest not due until the following month.

Required:
Prepare the company's cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.

Please see answer below in the explanation column

Explanation:  Zoo Inc company's cash budget for November indicsating borrowing is given by

Cash balance, beginning $ 21,000

Add cash receipts 117,000

Total cash available--(Cash balance + cash receipts)= $138 ,000

Less cash disbursements $ 86,000

Excess (deficiency) of cash available over disbursements (The beginning balance plus the expected cash receipts less the expected cash disbursement)  ($ 21,000+$117,000)--$86,000 = $52,000

 Financing ($65,000 − $52,000)=  $13,000

Borrowings $100,000

Cash balance, ending $100,000+ $52,000 = $152,000(Burrowings + Excess cash available over disbursements)

answer; ///deficit;

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