Multiple Choice
On January 1 Witt Company has a beginning cash balance of $126000. During the year the company expects cash disbursements of $1020000 and cash receipts of $870000. If Witt requires an ending cash balance of $120000 Witt Company must borrow
A) $96000.
B) $120000.
C) $144000.
D) $276000.
Correct Answer:
Verified
Correct Answer:
Verified
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