Uncle's Caps, a Merchandiser, Has Provided the Following Budgeted Amounts

Multiple Choice

Uncle's Caps, a merchandiser, has provided the following budgeted amounts for the next budget period. A minimum cash balance of $250,000 is required to be maintained. The company can borrow in increments of $10,000 as and when required. Assume the company can borrow the needed funds at the end of the period. Calculate the ending cash balance for the budget period.

A) $320,300
B) $250,600
C) $300,000
D) $540,230