Multiple Choice Question

The general and administrative budget includes all of the following except:

insurance expense on the administrative building

administrative salaries

sales commissions

taxes on the administrative building

depreciation on the administrative building x exd e ex c c r

ABC Company prepared a cash budget for the month. The company has outstanding loans and desires a minimum cash balance of $$10,000.$ If the company has a preliminary cash balance of $$25,000,$ the company should:

use $$15,000$ to repay loans

do nothing, since the balance meets the desired minimum level

use $$25,000$ to acquire short$-$term investments