The Following Information Was Taken from Mitchell Company Cash Budget

question 137

Multiple Choice

The following information was taken from Mitchell Company cash budget for the month of July: $\begin{array}{lr}\text { Beginning cash balance } & \$ 125,000 \\\text { Cash receipts } & 120,000 \\\text { Cash disbursements } & 170,000\end{array}$ If the company has a policy of maintaining an end of the month cash balance of $125,000, the amount the company would have to borrow is

• A)$50,000.
• B)$25,000.
• C)$75,000.
• D)$36,000.

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Definitions:

Product Development

The process of bringing a new product from concept to market introduction, including research, design, testing, and launch stages.

Marketplace

A physical or digital space where goods and services are bought and sold, involving transactions between buyers and sellers.

Basic Necessities

Essential items required for living, such as food, clothing, and shelter, essential for maintaining a basic standard of living.

Knowledge

is the information, understanding, and skills acquired through experience or education.