Question
Zhang Industries is preparing a cash budget for June. The company has $35,000 cash at the beginning of June and anticipates $109,000 in cash receipts
Zhang Industries is preparing a cash budget for June. The company has $35,000 cash at the beginning of June and anticipates $109,000 in cash receipts and $136,290 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $27,000 cash balance.
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$34,710.
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$19,290.
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$20,290.
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$11,290.
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$27,290.
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The Practice Of Modern Internal Auditing
Authors: Lawrence B Sawyer
1st Edition
B0006C58OA, 978-0894130120
