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Led Zeppelin Get the Lead Out Inc. has a cash balance of $ 14,000 on April 1. The company must maintain a minimum cash balance
Led Zeppelin Get the Lead Out Inc. has a cash balance of $ 14,000 on April 1. The company must maintain a minimum cash balance of $ 10,000. During April, expected cash receipts are $55,000. Cash disbursements during the month are expected to total $62,500. Ignoring interest payments, during April the company will need to borrow:
A.) $5,300
B.) $ 0
C.) $3,500
D.) $6,500
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