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Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $47,000. Budgeted cash receipts total $131,000 and budgeted cash

Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $47,000. Budgeted cash receipts total $131,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $64,000. To attain its desired ending cash balance for March, the company needs to borrow:

Multiple Choice

  • $116,000

  • $12,000

  • $0

  • $64,000

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