Goldberg Company is preparing a cash budget for the month of June.The following information is available: The minimum cash balance desired is $10,000.What amount of money must be borrowed at June 30,2010 to meet the minimum cash balance?
A)$9,000
B)$10,000
C)$11,000
D)$13,000

Question

Goldberg Company is preparing a cash budget for the month of June.The following information is available:  The minimum cash balance desired is $10,000.What amount of money must be borrowed at June 30,2010 to meet the minimum cash balance?
A)$9,000 
B)$10,000 
C)$11,000 
D)$13,000

Quizplus · Accepted Answer

The Answer of Goldberg Company is preparing a cash budget for the month of June.The following information is available:  The minimum cash balance desired is $10,000.What amount of money must be borrowed at June 30,2010 to meet the minimum cash balance?
A)$9,000 
B)$10,000 
C)$11,000 
D)$13,000

Goldberg Company Is Preparing a Cash Budget for the Month