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Business, 22.06.2021 16:50 jessewilkerson2312
Karim Corp. requires a minimum $ cash balance Loans taken to meet this requirement cost 2 % interest per month ( paid monthly Any excess cash is used to repay loans at month - end . The cash balance on July 1 is $ 8,500 , and the company has no outstanding Ioans Forecasted cash receipts ( other than for loans received ) and forecasted cash payments ( other than for loan or interest Cas recetors $ 24,189 August 32,189 September $ 32,100 Prepare a cash budget for July August and September ( Negative balances and Loan repayment amounts ( if any ) should be indicated with minus sign Round your final answers to the nearest whole dollar .
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Karim Corp. requires a minimum $ cash balance Loans taken to meet this requirement cost 2 % interest...
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