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How much cash must pasadena window borrow

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Reference no: EM132531217

Pasadena Window, Inc. wants to maintain a minimum monthly cash balance of $14,000.

At the beginning of April, the cash balance is $15,450.

Expected cash receipts for April are $220,000.

  1. Expected disbursements for the month are expected to be $240,000. The $240,000 includes $5,000 of depreciation.
  2. Pasadena Window also needs to make a tax payment of $12,000 in April that has not been included in the disbursements.

Question 1: How much cash - if any - must Pasadena Window borrow to have the minimum balance of $14,000 at the end of April?

Reference no: EM132531217

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