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Washam Company Must Maintain a Minimum Cash Balance of $25,000

Question 72

Multiple Choice

Washam Company must maintain a minimum cash balance of $25,000.At the beginning of June the company's cash balance was $17,000.Budgeted cash receipts for June are $150,000 and budgeted cash disbursements are $201,000.Budgeted net income for July totals $11,000.How much will Washam Company need to borrow by the end of June?


A) $43,000
B) $34,000
C) $9,000
D) $59,000

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