Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $40,000. Budgeted cash receipts are $101,000, while budgeted cash disbursements are $123,000. Roman Company wants to have an ending cash balance of $45,000. How much would Roman Company need to borrow to achieve its desired ending cash balance?

$27,000

Explanation:

Budgeting is the process by which a business projects it's expenditures and revenues within a given period and plans to obtain funds to run the business on the basis of these projections.

In the given scenario Roman company have projected the cash reciepts and cash disbursement within the period.

They now need a particular loan amount to gain cash level of $45,000 at the end of the period.

Final cash balance = Opening balance + Cash receipts - Cash disbursement + Loan

$45,000 = $40,000 + $101,000 - $123,000 + Loan

45,000 = 18,000 + Loan

Loan = 45,000 - 18,000

Loan = $27,000

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