Deshaies Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $10,000. Budgeted cash receipts total $100,000 and budgeted cash disbursements total $104,000. The desired ending cash balance is $30,000.
-To attain its desired ending cash balance for November,the company should borrow:
A) $36,000
B) $30,000
C) $24,000
D) $0
Correct Answer:
Verified
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