Zhang Industries is preparing a cash budget for June.The company has $25,000 cash at the beginning of June and anticipates $95,000 in cash receipts and $111,290 in cash payments during June.The company has no loans outstanding on June 1.Compute the amount the company must borrow,if any,to maintain a $20,000 cash balance.
A)$28,710.
B)$12,290.
C)$16,290.
D)$11,290.
E)$6,290.

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The Answer of Zhang Industries is preparing a cash budget for June.The company has $25,000 cash at the beginning of June and anticipates $95,000 in cash receipts and $111,290 in cash payments during June.The company has no loans outstanding on June 1.Compute the amount the company must borrow,if any,to maintain a $20,000 cash balance.
A)$28,710.
B)$12,290.
C)$16,290.
D)$11,290.
E)$6,290.

Zhang Industries Is Preparing a Cash Budget for June