During September, the Capital Expenditure Budget Indicates a $140,000 Purchase

Multiple Choice

During September, the capital expenditure budget indicates a $140,000 purchase of equipment for cash.The ending September cash balance from operations is budgeted to be $20,000.The company wants to maintain a minimum cash balance of $10,000.What is the minimum cash loan that must be planned to be borrowed from the bank during September?

A) $110,000
B) $120,000
C) $130,000
D) $150,000