In October, a Firm Had an Ending Cash Balance of $35,000

Multiple Choice

In October, a firm had an ending cash balance of $35,000. In November, the firm had a net cash flow of $40,000. The minimum cash balance required by the firm is $25,000. At the end of November, the firm

A) had an excess cash balance of $50,000.
B) required total financing of $5,000.
C) required total financing of $15,000.
D) had an excess cash balance of $75,000.