Bradley LLC is working on its cash budget for July. The budgeted beginning cash balance is $$60,000.$ Budgeted cash receipts total $$175,000$ and budgeted cash disbursements total $$168,000.$ The desired ending cash balance is $$30,000.$ The excess $($deficiency$)$ of cash available over disbursements for July will be:

A$)$ $$67,000$

B$)$ $$37,000$

C$)$ $$97,000$

D$)$ $$0$

Lucas Inc. has a cash balance of $$10,000$ on April $1.$ The company must maintain a minimum cash balance of $$20,000.$ During April, expected cash receipts are $$55,000.$ Cash disbursements during the month are expected to total $$62,500.$ Ignoring interest payments, during April the company will need to borrow:

A$)$ $$17,500$

B$)$ $$0$

C$)$ $$20,000$

D$)$ $$2,500$

Answers to questions $7$ and $8$ please