Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $55,000.
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Question:
Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $55,000. Budgeted cash receipts total $139,000 and budgeted cash disbursements total $134,000. The desired ending cash balance is $80,000. To attain it's desired ending cash balance for March, the company needs to borrow:
a. $0
b. $20,000
c. $140,000
d. $80,000
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: