Question: Stem Group LLC has the following information for the first quarter of 2021: Total Cash Collections: $4,000 Total Cash Disbursements: $7,000 Beginning Cash Balance: $2,000

Stem Group LLC has the following information for the first quarter of 2021:

Total Cash Collections: $4,000

Total Cash Disbursements: $7,000

Beginning Cash Balance: $2,000

Stem Group likes to start each quarter with at least $3,000 in beginning cash. Does Stem Group LLC need additional financing at the end of Q1? If yes, how much?

A.
Yes, $4,000
B.
Yes, $6,000
C.
No.
D.
Yes, $1,000

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