Speedy Runner makes running shoes and they have gathered the following data for the month of October:
Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. What is Speedy Runner's cash excess or cash deficiency at the end of October?
A) $3,300 cash excess
B) $3,300 cash deficiency
C) $203,300 cash excess
D) $12,000 cash deficiency
Correct Answer:
Verified
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