A corporation has a cash balance of $22,000 on December 1. The company must maintain a minimum cash balance of $20,000 . During December , expected cash receipts are $ 54,000 . Cash disbursements during the month are expected to total $81,000 . Ignoring interest payments , during December the company will need to borrow : $25,000 $15,000 15 $30,000 $5,000

A corporation has a cash balance of $22,000 on December 1. The company must maintain a minimum cash balance of $20,000 During December, expected cash receipts are $54,000. Cash disbursements during the month are expected to total $81,000. Ignoring interest payments, during December the company will need to borrow: $25,000 $15.000 $30,000 $5.000