Question: please bold final answer and put answer in the boxses provided. thank you The Arkansas Company makes and sells a product colled Product K Each

The Arkansas Company makes and sells a product colled Product K Each unit of Product K sells for $24 and has a unit variable cost of S14. The company has the following budgeted data for Novembert - Sales of $1.156,200, all in cash. - A cash balance on November 1 of $44.000. - Cash disbursements (other than interest) during November of $1,164.000. - Amirimum cashi balance on November 30 of $54,000. If necessary, the company will borrow cash from a bank. The bontowing will be in multiples of $1.000 and will bear interest at 2% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during November. The amount of cash needed to be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30 cash balance is: Note: Round up your answer to nearest multiple of $1,000. Mainple Choice $18000 $32000 he amount of cash needed to be borrowed on November 1 to cover all cash disbursements and to obtaln the desired November 30 cash l lote: Round up your answer to nearest multiple of $1,000. Mulvple Choice $18,000 $32.000 $31,000 $19,000
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