During September, the capital expenditure budget indicates a $140,000 purchase of equipment. The ending September cash balance from operations is budgeted to be $20,000. The company wants to maintain a minimum cash balance of $10,000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?
A) $110,000
B) $120,000
C) $130,000
D) $150,000

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The Answer of During September, the capital expenditure budget indicates a $140,000 purchase of equipment. The ending September cash balance from operations is budgeted to be $20,000. The company wants to maintain a minimum cash balance of $10,000. What is the minimum cash loan that must be planned to be borrowed from the bank during September?
A) $110,000
B) $120,000
C) $130,000
D) $150,000

During September, the Capital Expenditure Budget Indicates a $140,000 Purchase