The Following Information Was Taken from Hurlbert Company Cash Budget

question 200

Multiple Choice

The following information was taken from Hurlbert Company cash budget for the month June $\begin{array}{lr}\text { Beginning cash balance } & \$ 69,000 \\\text { Cash receipts } & 93,000 \\\text { Cash disbursements } & 117,000\end{array}$ If the company has a policy of maintaining an end of the month cash balance of $60,000, the amount the company would have to borrow is

• A)$36,000.
• B)$15,000.
• C)$24,000.
• D)$0.

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Definitions:

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, responsible for most of the eye's focusing power.

Pupil

The opening in the center of the iris of the eye that regulates the amount of light that enters the eye.

Light Waves

Electromagnetic waves within a certain portion of the electromagnetic spectrum, perceived by the human eye as light.

Proprioception

The sense of the relative position of one's own parts of the body and strength of effort being employed in movement.