Question
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,900....
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,900. Budgeted cash receipts total $187,500 and budgeted cash disbursements total $189,800. The desired ending cash balance is $30,900.
To attain its desired ending cash balance for January, the company should borrow:
Multiple Choice:
A) $47,500
B) $30,900
C) $0
D) $14,300
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Answer #2
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