cash balance for January, the company should borrow.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
8-19
Transcribed Image Text:Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19.100, Budgeted cash receipts total $188,500 and budgeted cash disbursements total $190,200. The desired
ending cash balance is $31,100.
To attain its desired ending cash balance for January, the company should borrow:
Multiple Choice
$0
$13,700
$31,100
$48,500
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