8-19 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 desiredending 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

Given: To calculate the ending balance of the company in the month of January as,

Answered: cash balance for January, the company…

Business

Accounting

cash balance for January, the company should borrow.

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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Question

8-19

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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