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Runte Corp has a cash balance of $13,400 on May 1 . The company must maintain a minimum cash balance of $10,400. During May, expected

image text in transcribed Runte Corp has a cash balance of $13,400 on May 1 . The company must maintain a minimum cash balance of $10,400. During May, expected cash receipts are $55,700. Cash disbursements during the month are expected to total $67,600. Ignoring interest payments, during May the company will need to borrow: $8,900 $7,500 $11,900 $9,300

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