Varughese Incorporated Is Working on Its Cash Budget for March

Multiple Choice

Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.To attain its desired ending cash balance for March, the company needs to borrow:

A) $40,000
B) $0
C) $16,000
D) $64,000