Runners-R-Us Inc makes running shoes and they have gathered…
Runners-R-Us Inc makes running shoes and they have gathered the following data for the month of October: Data Cash on 10/1 $12,000 Expected Cash Collections $451,000 Direct Materials Cash Disbursements $86,000 Direct Labor Cash Disbursements $39,000 MOH Cash Disbursements $32,000 Operating Expenses Cash Disbursements $115,000 Capital Expenditures Cash Disbursements $190,000 Runners-R-UInc requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. How much will the company need to borrow at the end of October?
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