Francis Manufacturing Company is currently preparing its cash budget for next month and has gathered the following information:

Expected cash receipts $39400

Expected disbursements:

Direct Materials $12000

Direct Labor $9000

Manufacturing overhead $11500

Selling & Admin expenses $22000

The beginning cash balance will be $5,000 and the company requires a minimum cash balance at the end of the month of $5,000) How much will Francis Manufacturing need to borrow to meet its cash needs for the month?

Answers:

A. None of these

B. $9,100

C. $14,100

D. $15,100