The following information was taken from Niland Company cash budget for the month of April If the company has a policy of maintaining an end of the month cash balance of $100,000, the amount the company would have to borrow is
A)$116,000.
B)$28,000.
C)$8,000.
D)$0.

Question

The following information was taken from Niland Company cash budget for the month of April  If the company has a policy of maintaining an end of the month cash balance of $100,000, the amount the company would have to borrow is
A)$116,000. 
B)$28,000. 
C)$8,000. 
D)$0.

Quizplus · Accepted Answer

The Answer of The following information was taken from Niland Company cash budget for the month of April  If the company has a policy of maintaining an end of the month cash balance of $100,000, the amount the company would have to borrow is
A)$116,000. 
B)$28,000. 
C)$8,000. 
D)$0.

The Following Information Was Taken from Niland Company Cash Budget