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Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $131,000 and budgeted cash

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Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $131,000 and budgeted cash disbursements total $130,000. The desired ending cash balance is $48,000. To attain its desired ending cash balance for December the company needs to borrow: Any borrowing is in multiples of $1,000 and interest is paid in the month following the borrowing, To attain its desired ending cash balance for December, the company needs to borrow. Multiple Choice $67,000 $48.000 $29.000 50

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