Zeman Company uses a cash budget.The budgeted cash balance is $6,000,000.The company has budgeted cash disbursements of $5,200,000 and budgeted cash receipts of $10,000,000.The beginning balance of cash is $0.What amount of additional financing is required?
A) No additional financing is required.
B) $400,000
C) $800,000
D) $1,200,000
Correct Answer:
Verified
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