The following information was taken from Molina Company cash budget for the month of November: $$\begin{array} { l l }
\text { Beginning cash balance } & \$ 96,000 \
\text { Cash receipts } & 116,000 \
\text { Cash disbursements } & 160,000
\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $80,000, the amount the company would have to borrow is

Question

The following information was taken from Molina Company cash budget for the month of November: $$\begin{array} { l l } 
\text { Beginning cash balance } & \$ 96,000 \
\text { Cash receipts } & 116,000 \
\text { Cash disbursements } & 160,000
\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $80,000, the amount the company would have to borrow is

Quizplus · Accepted Answer

The Answer of The following information was taken from Molina Company cash budget for the month of November: $$\begin{array} { l l } 
\text { Beginning cash balance } & \$ 96,000 \
\text { Cash receipts } & 116,000 \
\text { Cash disbursements } & 160,000
\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $80,000, the amount the company would have to borrow is

The Following Information Was Taken from Molina Company Cash Budget