Canine Supply Company has a cash balance of $65,000 on October 1 and requires a minimum ending cash balance of $50,000.Cash receipts and disbursements budgeted for August amount to $140,000 and $170,000, respectively.Canine Supply's cash budget for August will indicate cash borrowings of:
A) $0.
B) $15,000.
C) $30,000.
D) $35,000.
Correct Answer:
Verified
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