If projected net cash outflow for November is ($10,000) and the beginning cash balance is $4,000, which is the minimum cash balance required by the bank, what amount of loan would be needed for November?
A) $14,000
B) $5,000
C) $10,000
D) $22,000

Question

Quizplus · Accepted Answer

4000 − 10,000 = −6,000, so 10,000 is needed to be borrowed to satisfy an ending balance of 4,000.

If Projected Net Cash Outflow for November Is ($10,000) and the Beginning