Question
Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $130,000 and budgeted cash
Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $130,000 and budgeted cash disbursements total $125,000. The desired ending cash balance is $62,000. To attain its desired ending cash balance for March, the company needs to borrow:
Multiple Choice
-
$113,000
-
$11,000
-
$0
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$62,000
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Auditing Principles And Techniques
Authors: Sanjib Kumar Basu, Andrei Alexandrescu
1st Edition
8177581783, 9788177581782
