At the beginning of november, watson industries has a cash balance of $3,461,000. they have expected cash receipts of $712,000 and expected cash disbursements of $1,397,000 for the month of november. if watson industries wants to maintain a minimum monthly balance of $3,000,000, how much cash should they borrow in november

$224,000

Explanation:

The computation of the borrowed cash amount is shown below:

= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance

= $3,461,000 + $712,000 - $1,397,000 - $3,000,000

= $224,000

Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.

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