Cash Budget Carla Inc. has the following budgeted data for 2010:
Cash balance, beginning
$ 10,000
Collections from customers
150,000
Expenses:
Direct materials purchases
25,000
Operating expenses
50,000
Payroll
75,000
Income taxes
6,000
Machinery purchases
30,000
Operating expenses include $20,000 depreciation for buildings and equipment. The company requires a minimum cash balance of $20,000.
Required Compute the amount the company needs to finance or the excess cash available for Carla to invest.