For May, Rogue Rafting will have cash receipts of $97,000 and cash disbursements of $108,000. If its beginning cash is $5,000 and its reserves are $2,000, what will be its shortfall in cash for the month?
A) There is no shortfall in cash but an excess of cash.
B) -$11,000
C) -$8,000
D) -$6,000
Correct Answer:
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