TB MC Qu. 8-81 Bustillo Inc. is working on its cash budget for March. The budgeted ...

Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $39,000. Budgeted cash receipts total $120,000 and budgeted cash disbursements total $114,000. The desired ending cash balance is $59,500. To attain its desired ending cash balance for March, the company needs to borrow:

Multiple Choice

• $14,500

• $59,500

• $104,500

• $0