In March,The Wonder Emporium will have cash receipts of $107,000 and cash disbursements of $110,000.If its beginning cash is $6,000 and its desired reserve is $5,000,what will be its shortfall in cash for the month?
A) There is no shortfall in cash but an excess of cash.
B) -$1,000
C) -$8,000
D) -$5,000
Correct Answer:
Verified
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