The following information was taken from Hurlbert Companys' cash budget for the month June $$\begin{array} { l r }
\text { Beginning cash balance } & \$ 69,000 \
\text { Cash receipts } & 93,000 \
\text { Cash disbursements } & 117,000
\end{array}$$ If the company has a policy of maintaining an end of the month cash balance of $60000 the amount the company would have to borrow is

Question

The following information was taken from Hurlbert Companys' cash budget for the month June $$\begin{array} { l r } 
\text { Beginning cash balance } & \$ 69,000 \
\text { Cash receipts } & 93,000 \
\text { Cash disbursements } & 117,000
\end{array}$$ If the company has a policy of maintaining an end of the month cash balance of $60000 the amount the company would have to borrow is

Quizplus · Accepted Answer

The Answer of The following information was taken from Hurlbert Companys' cash budget for the month June $$\begin{array} { l r } 
\text { Beginning cash balance } & \$ 69,000 \
\text { Cash receipts } & 93,000 \
\text { Cash disbursements } & 117,000
\end{array}$$ If the company has a policy of maintaining an end of the month cash balance of $60000 the amount the company would have to borrow is

The Following Information Was Taken from Hurlbert Companys' Cash Budget