Managerial accounting

The following information was taken from Southgate Industry's cash budget for the month of July: Beginning cash balance Cash receipts $480,000 300,000 544,000 Cash disbursements If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, if the bank which the Southgate aims to take the loan from, has a policy that, the minimum amount that could be given to any customer is 20,000 $ or its multiples, based on the above information the amount the company would have to borrow is O a. $160,000. O b. $80,000. c. $180,000 O d. $164,000 Clear my choice