The following information was taken from Hurlbert Company cash budget for the month of June If the company has a policy of maintaining an end of the month cash balance of $60,000, the amount the company would have to borrow is
A)$36,000.
B)$15,000.
C)$24,000.
D)$0.

Question

The following information was taken from Hurlbert Company cash budget for the month of June  If the company has a policy of maintaining an end of the month cash balance of $60,000, the amount the company would have to borrow is
A)$36,000. 
B)$15,000. 
C)$24,000. 
D)$0.

Quizplus · Accepted Answer

The Answer of The following information was taken from Hurlbert Company cash budget for the month of June  If the company has a policy of maintaining an end of the month cash balance of $60,000, the amount the company would have to borrow is
A)$36,000. 
B)$15,000. 
C)$24,000. 
D)$0.

The Following Information Was Taken from Hurlbert Company Cash Budget