The following information was taken from Hobson Company's cash budget for the month of June $$\begin{array} { l r }
\text { Beginning cash balance } & \$ 180,000 \
\text { Cash receipts } & 174,000 \
\text { Cash disbursements } & 204,000
\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $150000 the amount the company would have to borrow is

Question

The following information was taken from Hobson Company's cash budget for the month of June $$\begin{array} { l r } 
\text { Beginning cash balance } & \$ 180,000 \
\text { Cash receipts } & 174,000 \
\text { Cash disbursements } & 204,000
\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $150000 the amount the company would have to borrow is

Quizplus · Accepted Answer

The Answer of The following information was taken from Hobson Company's cash budget for the month of June $$\begin{array} { l r } 
\text { Beginning cash balance } & \$ 180,000 \
\text { Cash receipts } & 174,000 \
\text { Cash disbursements } & 204,000
\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $150000 the amount the company would have to borrow is

The Following Information Was Taken from Hobson Company's Cash Budget