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The following information was taken from South Cost Hotel Limited's cash budget for the month of July: Beginning cash balance Sh 480,000 Cash receipts 304,000

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The following information was taken from South Cost Hotel Limited's cash budget for the month of July: Beginning cash balance Sh 480,000 Cash receipts 304,000 Cash disbursements 544.000 If the company has a policy of maintaining a minimum end of the month cash balance of Sh 400,000, how much should it have to borrow? Select one: a. Sh 240,000 b. Sh 80,000 C Sh 96.000 d. Sh 160,000

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