Brockman Company is preparing its cash budget for the upcoming month.The budgeted beginning cash balance is expected to be $35,000.Budgeted cash disbursements are $123,000,while budgeted cash receipts are $130,000.Brockman Company wants to have an ending cash balance of $48,000.How much would Brockman Company need to borrow to achieve its desired ending cash balance?
A) $6,000
B) $90,000
C) $42,000
D) $55,000
Correct Answer:
Verified
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