Q 7

Blossom Manufacturing Company's policy is to maintain a safe minimum end of the month cash balance of $54000. Its May cash budget information is as follows: Beginning cash balance, $61000; cash receipts, $30600; and cash disbursements, $43300. The budgeted financing amount the company would have to borrow from the bank in May is O $19700. O $5700. O $54000. O $0