Total cash receipts for Zinc Corporation in a month is $15,000 and total cash disbursements in a month is $10,000. Which of the following is true about Zinc's cash position if it aims to maintain minimum cash balance of $8,000?
A) Zinc has surplus cash of $8,000.
B) Zinc has a cash shortfall of $3,000.
C) Zinc has surplus cash of $6,000.
D) Zinc has a cash shortfall of $23,000.
E) Zinc has surplus cash of $20,000.
Correct Answer:
Verified
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