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The Following Information Was Reported in the Cash Budget How Much Cash Will the Company Have to Borrow in

Question 42

Multiple Choice

The following information was reported in the cash budget:
 Beginning cash balance $28,000 Cash disbursements 51,000 Cash receipt 37,000 Minimum cash balance required 20,000\begin{array}{lc}\text { Beginning cash balance } & \$ 28,000 \\\text { Cash disbursements } & 51,000 \\\text { Cash receipt } & 37,000 \\\text { Minimum cash balance required } & 20,000\end{array}
How much cash will the company have to borrow in order to meet its required needs?


A) $0
B) $34,000
C) $22,000
D) $6,000

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