1. Muscat Inc. is working on its cash budget for December. The budgeted beginning cash balance is $10,000. Budgeted cash receipts total $80,000 and budgeted cash disbursements total $75,000. The desired ending cash balance is $40,000. To attain its desired ending cash balance for December, the company needs to borrow: B\A. $0 B. $25,000 C. $35,000 D. $40,000

1. Muscat Inc. is working on its cash budget for December. The budgeted beginning cash balance is $10,000. Budgeted cash receipts total $80,000 and budgeted cash disbursements total $75,000. The desired ending cash balance is $40,000. To attain its desired ending cash balance for December, the company needs to borrow: B\A. $0 B. $25,000 C. $35,000 D. $40,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Soru Muscat Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts total $127,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $50,000. How much the company needs to borrow a. $35,000 b. $0 c. $50,000 d. $70,000 tictheiournalentry to assien indirect raw materials to a iob W P
The subject is Managerial Accounting
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