Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000.

Question:

Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.To attain its desired ending cash balance for November, the company needs to borrow:A) $0B) $16,000C) $50,000D) $84,000

Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...