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Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $15,000.
Budgeted cash receipts total $106,000 and budgeted cash disbursements total $97,000. The desired
ending cash balance is $40,000. The company can borrow up to $80,000 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. (Input all amounts as positive values.
Omit the "S" sign in your response.
Cash balance, beginning
Add cash receipts
Total cash available
Less cash disbursement
Excess (deficiency) of cash available over disbursements
Borrowings
Cash balance, ending​

Freet Inc is preparing its cash budget for November The budgeted beginning cash balance is 15000Budgeted cash receipts total 106000 and budgeted cash disburseme class=

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fernandoalonsoc

Answer:

                                                    Freet Inc.

                                      Cash Budget November

Cash balance, beginning                                                           15000

Add cash receipts                                                                       106000

Total cash available                                                                    121000

Less cash disbursement                                                             97000

Excess (deficiency) of cash available over disbursements      24000

Borrowings                                                                                  16000

Cash balance, ending​                                                                40000

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