Subject test Note: You are attempting question 9 out of 10 A company is preparing a cash budget for the month of December. It estimates a cash balance of 58,525 at the beginning of the month. The anticipated cash receipts are $154,600 and the cash disbursements are $160,950. The company requires to maintain a minimum cash balance of $10,000. Any deficit is loaned from the bank at a simple interest of 1% per month Compute the preliminary cash balance at the end of December before any loan activity a. $2,175 b. $14.875 c. $10,000 d $12,175 Answer 10B Activate Windows bo to settings to activate WOU NGA Accountancy61.PNG A Address e to search