Question: Jared Corp. prepares its budgets on a monthly basis. The following information is provided for November 2021: Jared maintains a minimum ending cash balance of

Jared Corp. prepares its budgets on a monthly basis. The following information is provided for November 2021: Jared maintains a minimum ending cash balance of $11,000. In case of cash shortages, Jared Inc. borrows funds from a local bank in the increments of $3,000. What's Jared's ending cash balance after financing? a) $10,000 b) $12,000 c) $13,000 d) $11,000

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