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The Following Information Was Taken from Hobson Company's Cash Budget

Question 86

Multiple Choice

The following information was taken from Hobson Company's cash budget for the month of June  Beginning cash balance $180,000 Cash receipts 174,000 Cash disbursements 204,000\begin{array} { l r } \text { Beginning cash balance } & \$ 180,000 \\\text { Cash receipts } & 174,000 \\\text { Cash disbursements } & 204,000\end{array} If the company has a policy of maintaining an end-of-the-month cash balance of $150000 the amount the company would have to borrow is


A) $66000.
B) $30000.
C) $0
D) $90000.

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