Bantam industries has budgeted the following information for march: cash receipts$311,000 beginning cash balance 15,000 cash payments 340,000 desired ending cash balance 35,000 if there is a cash shortage, the company borrows money from the bank. all cash is borrowed at the beginning of the month in $1,000 increments, and interest is paid monthly at 1% on the first day of the following month. the company had no debt before march 1. how much cash will the company need to borrow in march
