Question
The following information was taken from Sunland Companys cash budget for the month of July: Beginning cash balance $450000 Cash receipts 264000 Cash disbursements 484000
The following information was taken from Sunland Companys cash budget for the month of July:
| Beginning cash balance | $450000 |
| Cash receipts | 264000 |
| Cash disbursements | 484000 |
If the company has a policy of maintaining a minimum end of the month cash balance of $360000, the amount the company would have to borrow is
$96000.
$230000.
$90000.
$130000.
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Principles Of Accounting
Authors: Steven M. Bragg
1st Edition
1642210773, 978-1642210774
