SaveCo Services, Inc., has $ 8 comma 600 cash on hand on May 1. The company requires a minimum cash balance of $ 7 comma 500. May cash collections are $ 548 comma 480. Total cash payments for May are $ 563 comma 420. Prepare a cash budget for May. How much cash, if any, will SaveCo need to borrow by the end of May?

$13,840

Explanation:

The computation of the borrowed amount is shown below:

= Beginning cash balance + expected cash collections - expected cash payments - minimum monthly cash balance

= $8,600 + $548,480 - $563,420 - $7,500

= $13,840

Simply we added the expected cash collections and less the expected cash payments and minimum monthly cash balance to the beginning cash balance so that accurate value can come.

corrosion is a natural process, which converts a refined metal to a more chemically-stable form, such as its oxide, hydroxide, or sulfide. it is the gradual destruction of materials (usually metals) by chemical and/or electrochemical reaction with their environment.

explanation:

borrow money from the government then pay the government back 5k