Rogers Services, Inc., has $ 8 comma 100 cash on hand on October 1. The company requires a minimum cash balance of $ 7 comma 200. October cash collections are $ 548 comma 600. Total cash payments for October are $ 563 comma 800. Prepare a cash budget for October. How much cash, if any, will Rogers need to borrow by the end of October? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.) 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)

                                     Rogers Services, Inc  

                 Cash budget for the month ended 31 October

                                                                    Amount in $

Beginning cash balance                                   8,100                

Plus:

Cash collections                                           548,600

Total cash available                                      556,700

Less:

Cash payments                                            (563,800)

Ending cash balance before financing            (7,100)

Minimum cash balance desired                       7,200

Cash excess (deficiency)                              (14,3000)

Explanation:

A Cash budget is a forecast of the net cash flows to/from an entity over a given period of time.

Details of the cash budget include the opening cash balance, the expected expenses or outflows of cash, the expected inflows and the closing balance expected as a result of the 3 elements mentioned earlier.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!