Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $136,000 and budgeted cash disbursements total $135,000. The desired ending cash balance is $58,000. To attain its desired ending cash balance for December, the company needs to borrow:
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Home » Business » Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $136,000 and budgeted cash disbursements total $135,000. The desired ending cash balance is $58,000.