Ferguson Company Is Preparing a Cash Budget for September

Multiple Choice

Ferguson Company is preparing a cash budget for September. The company's cash balance on September 1 is $23,200. The company anticipates cash receipts of $111,800 and cash disbursements of $117,320. If Ferguson desires a cash balance of $24,000, it must

A) acquire financing of $800.
B) acquire financing of $6,320.
C) acquire financing of $4,720.
D) acquire financing of $18,480.