For the Month of March,Burnham Corporation

question 17

Multiple Choice

For the month of March,Burnham Corporation.predicts total cash collections to be $1.5 million.Also for March,Burnham Corporation.estimates that its beginning cash balance will be $60,000 and that it will borrow cash in the amount of $80,000.If Burnham Corporation.estimates an ending cash balance of $40,000 for March,what must its projected cash disbursements be?

• A)$1,520,000
• B)$1,580,000
• C)$1,600,000
• D)$1,640,000

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