Business, 06.05.2020 03:44 2023strackmanaaronma
Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts total $127,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $40,000. Any borrowing is in multiples of $1,000 and interest is paid in the month following the borrowing. To attain its desired ending cash balance for December, the company needs to borrow:.
A. $0.
B. $25,000.
C. $55,000.
D. $40,000.
Answers: 3
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Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000...
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