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The Following Information Was Taken from Hobson Company Cash Budget $150,000\quad \$ 150,000

Question 153

Multiple Choice

The following information was taken from Hobson Company cash budget for the month of June Beginning cash balance $150,000\quad \$ 150,000
Cash receipts 145,000\quad 145,000
Cash disbursements
170,000 If the company has a policy of maintaining end-of-the-month cash balance of $125,000, the amount the company would have to borrow is


A) $50,000.
B) $25,000.
C) $0
D) $75,000.

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