Question: Can someone please look this over the solution is not correct. I need the correct solution please. 49. The Crescent Company, a merchandising company, maintains
49. The Crescent Company, a merchandising company, maintains a minimum cash balance of $25,000 Budgeted items for the 1t quarter of 2013 includes the following: Aiv $32,000 B $530,000 Beginning cash balance Cash collections Selling and Administrative Costs $450,000 Dividend Payment Equipment Purchase $50,000 $90,000 $10,000 Be Cash baleame 32 aso o2esitest-Add cash collacrion 30D In order to maintain the minimum cash balance, the company will need to borrow: A. $25,000 B. $28,000 C. $85,000 D. $53,000 ty 7-9 ess Add Amout bor5300 onDe 53000
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