Business, 28.07.2021 04:10 denjayjr681

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $35,600. Cash receipts are expected to be $633,000 and cash payments for purchases are expected to be $600,500. Other cash expenses expected are $26,200 selling and $32,700 general and administrative. The company desires a minimum cash balance at the end of each month of $22,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

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Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $35,600. Ca...

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