Question
The following information was taken from Pina Colada Corp. cash budget for the month of June Beginning cash balance $198000 Cash receipts 191400 Cash disbursements
The following information was taken from Pina Colada Corp. cash budget for the month of June
| Beginning cash balance | $198000 | |
| Cash receipts | 191400 | |
| Cash disbursements | 224400 |
If the company has a policy of maintaining an end-of-the-month cash balance of $165000, the amount the company would have to borrow is
|
| $99000. |
|
| $72600. |
|
| $0. |
|
| $33000. |
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The Accounts Receivable Blueprint Unlocking Financial Success With Proven Strategies
Authors: Simon Udeh Andrew
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