Question
The following information was taken from Southgate Industrys cash budget for the month of July: Beginning cash balance $480,000 Cash receipts 304,000 Cash disbursements 544,000
The following information was taken from Southgate Industrys cash budget for the month of July:
Beginning cash balance $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 $400,000, the amount the company would have to borrow is
a)80,000
b)240,000
c)96,000
d)160,000
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Audits Of Public Companies Continued Concentration In Audit Market For Large Public Companies Does Not Call For Immediate Action
Authors: United States Government Accountability
1st Edition
1297008111, 978-1297008115
