Question
Premier Company has budgeted the following information for June: Cash receipts $542,000 Beginning cash balance $10,000 Cash payments $560,000 Desired ending cash balance $50,000 If
Premier Company has budgeted the following information for June: Cash receipts $542,000 Beginning cash balance $10,000 Cash payments $560,000 Desired ending cash balance $50,000 If there is a cash shortage, the company borrows money from the bank. How much cash will they need to borrow for June?
A. $80,000
B. $58,000
C. $50,000
D. $0
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Internal Auditing In Plain English A Simple Guide To Super Effective ISO Audits
Authors: Craig Cochran
1st Edition
1932828168, 978-1932828160
