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During September, the capital expenditure budget indicates a $280,000 purchase ofequipment. The ending September cash balance from operations is budgeted to be$40,000. The company wants to maintain a minimum cash balance of $20,000. What isthe minimum cash loan that must be planned to be borrowed from the bank duringSeptember?

Respuesta :

federico1636

Answer:

$260000

Explanation:

$280k  purchase equiment >> Outflow of cash

$40,000>> Operative Cash >> Inflow Cash

$260k >> cash loan in order to achieve balance

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$20000 >> Cash balance

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