Question
Warner the following budget information for April: Cash collections $876,000 April 1 cash balance 22,600 Cash disbursements 978,600 Warner must maintaining a minimum cash balance
Warner the following budget information for April:
| Cash collections | $876,000 |
| April 1 cash balance | 22,600 |
| Cash disbursements | 978,600 |
Warner must maintaining a minimum cash balance of $20,000. How much will Warner borrow in April?
| a. | $80,000 | |
| b. | $20,000 | |
| c. | $102,000 | |
| d. | $100,000 |
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College Accounting Ch 1-14
Authors: John Wild, Vernon Richardson, Ken Shaw
1st Edition
0073346896, 9780073346892
