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Question & Answer: Rogers Services, Inc., has $8, 300 cash on hand on October 1. The company requires a minimum cash…..

Rogers Services, Inc., has $8,300 cash on hand on October 1. The company requires a minimum cash balance of $7,100. October cash collections are $548,410. Total cash payments for October are $567,460. Prepare a cash budget for October. How much cash, if any, will Rogers need to borrow by the end of October? Rogers Services, Inc Combined Cash Budget For the Month Ended October 31 Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) By the end of October, Rogers Choose from any list or enter any number in the input fields and then continue to the next question.

Rogers Services, Inc., has $8, 300 cash on hand on October 1. The company requires a minimum cash balance of $7, 100. October cash collections are $548, 410. Total cash payments for October are $567, 460. Prepare a cash budget for October. How much cash, if any, will Rogers need to borrow by the end of October? By the end of October, Rogers Choose from any list or enter any number in the input fields and then continue to the next question.

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Rogers Services inc.
Combined Cash budget
For the month ended October 31
Beginning cash balance 8300
Plus: Cash collections 548410
Total cash available 556710
Less: Cash payments 567460
Ending cash balance before financing -10750
Minimum cash balance desired 7100
Cash excess(deficiency) -17850
Rogers need to borrow $17850

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