Multiple Choice
The following information was reported in the cash budget.
Beginning cash balance $57 000
Cash disbursements $214 000
Cash receipts $193 000
Minimum cash balance required $40 000
How much cash will the company have to borrow in order to meet its required needs?
A) $0
B) $21 000
C) $4000
D) $29 000
Correct Answer:
Verified
Correct Answer:
Verified
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