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  3. 1 15.00 points value requires a minimum $7 300 cas

1 15.00 points value requires a minimum $7 300 cash balance. If necessary, loans are...

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Accounting

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1 15.00 points value requires a minimum $7 300 cash balance. If necessary, loans are taken to meet this Foyert Corp. requirement at a cost of 2% interest per month (paid monthly)Any exce month-end The cash balance on October 1 is $7,300 and the company has an outstanding loan of $3,300 Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow ss cash is used to repay loans at Cash receipts Cash disbursements ctober November December $23,300 $17,300 $21,300 25,950 16,300 4.700 Prepare a cash budget for October, Nowember, and December FOYERT CORP Cash Budget For October, November, and December October November December Beginning cash balance 7.300 Total cash available Preliminary cash balance Ending cash balance Loan balance Loan balance-Beginning of month Additional loan (loan repayment) d of month

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