Q21

During December, the capital budget indicates a $280000 purchase of equipment for cash. The ending November cash balance is budgeted to be $39300. Cash receipts are $839200, and cash disbursements are $610700 during December. The company wants to maintain a minimum cash balance of $20500. What is the minimum cash loan that must be planned to be borrowed from the bank during December? $32700 O $12200 O $51500 $