Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,400. Budgeted cash receipts total $190,000 and budgeted cash disbursements total $190,800. The desired ending cash balance is $31,400. To attain its desired ending cash balance for January, the company should borrow. Multiple Cholce $12.800 $50,000 $31.400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,400. Budgeted cash
receipts total $190,000 and budgeted cash disbursements total $190,800. The desired ending cash balance is $31,400.
To attain its desired ending cash balance for January, the company should borrow:
Multiple Cholce
$12,800
$50,000
$31,400
$0
Transcribed Image Text:Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,400. Budgeted cash receipts total $190,000 and budgeted cash disbursements total $190,800. The desired ending cash balance is $31,400. To attain its desired ending cash balance for January, the company should borrow: Multiple Cholce $12,800 $50,000 $31,400 $0
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