90. Bartley Company has budgeted the following information for February Cash receipts $542,000 Beginning cash balance $ 10,000 Cash payments $560.000 Desired ending cash cushion $ 50,000 If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month in $1,000 increments and interest is paid monthly at 1% on the first day of the following month. The company had no debt before February 1st. After interest expense, the ending cash balance for February would be A) $44,200 B) $50,000 C) $52,200 D) none of the above Answer: B Difficulty