Question
C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Sales for October 115 bikes Budgeted Bike Sales
C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Sales for October 115 bikes Budgeted Bike Sales for November Budgeted Bike Sales for December Desired Ending Finished Goods Inventory Cash Collected from Sales in November Cash Available on November 1 Cash Disbursements in November 100 bikes 120 bikes 5% of the following month's unit sales $40,000 $5,000 $35,000 $500 Interest Received During November How much would C-Cubed have to borrow to have a November ending cash balance of $25,000? Multiple Choice $14,500 $15,000 $5,000 $4,500
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