Question
A Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,800. Budgeted cash receipts total $192,000 and budgeted cash disbursements
A Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,800. Budgeted cash receipts total $192,000 and budgeted cash disbursements total $191,600. The desired ending cash balance is $31,800.
To attain its desired ending cash balance for January, the company should borrow:
Multiple Choice
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$31,800
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$11,600
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$52,000
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$0
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Comparative International Accounting
Authors: Christopher Nobes, R. H. Parker
7th Edition
0273655833, 9780273655831
