Multiple Choice
In April, a firm had an ending cash balance of $35,000.$40,000 and total cash disbursements of $50,000. The minimum cash balance required by the firmis $25,000. At the end of May, the firm
A) had an excess cash balance of $25,000.
B) required financing of $25,000.
C) required financing of $10,000.
D) had an excess cash balance of $0.
Correct Answer:
Verified
Correct Answer:
Verified
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