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Harrah Company Provided the Following Information for the Month of October

Question 62

Multiple Choice

Harrah Company provided the following information for the month of October:  Beginning cash balance $35,000 Cash receipts 460,000 Cash disbursements 485,000\begin{array}{lr}\text { Beginning cash balance } & \$ 35,000 \\\text { Cash receipts } & 460,000 \\\text { Cash disbursements } & 485,000\end{array} Harrah's policy is to keep a minimum end-of-the-month cash balance of $30,000.How much will Harrah's need to borrow during August?


A) $20,000
B) $25,000
C) $10,000
D) $0

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