Question
32. At the beginning of the year, Cullumber Company has a cash balance of $19320. During the year, the company expects cash disbursements of $134400,
32. At the beginning of the year, Cullumber Company has a cash balance of $19320. During the year, the company expects cash disbursements of $134400, and cash receipts of $117600. If Cullumber Company requires an ending cash balance of $16800, how much must the company borrow?
$33600.
$14280.
$16800.
$0.
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
