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Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $ 3 8 , 0 0 0 . Budgeted

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Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $38,000. Budgeted cash receipts total $119,000 and budgeted cash disbursements total $113,000. The
desired ending cash balance is $57,500. To attain its desired ending cash balance for March, the company needs to borrow:
Multiple Choice
$101,500
$13,500
$0
$57,500
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