The Following Information Was Taken from Molina Company Cash Budget

Multiple Choice

The following information was taken from Molina Company cash budget for the month of November: $$\begin{array} { l l } \text { Beginning cash balance } & \$ 96,000 \\\text { Cash receipts } & 116,000 \\\text { Cash disbursements } & 160,000\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $80,000, the amount the company would have to borrow is

A) $44,000.
B) $0.
C) $28,000.
D) $80,000.