Concord corporation’s management wants to maintain a minimum monthly cash balance of $10,880. at the beginning of september, the cash balance is $16,687, expected cash receipts for september are $132,192, and cash disbursements are expected to be $156,400. how much cash, if any, must concord borrow to maintain the desired minimum monthly balance? determine your answer by using the basic form of the cash budget.

The kamp family has twins, rob and rachel. both rob and rachel graduated from college 2 years ago, and each is now earning $50,000 per year. rachel works in the retail industry, where the mean salary for executives with less than 5 years' experience is $35,000 with a standard deviation of $8,000. rob is an engineer. the mean salary for engineers with less than 5 years' experience is $60,000 with a standard deviation of $5,000.