Question: Dengel Inc is working on its cash budget for November
Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.To attain its desired ending cash balance for November, the company needs to borrow:A) $0B) $16,000C) $50,000D) $84,000
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