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:

Compensatory Damages

Money awarded to a plaintiff to compensate for actual losses, expenses, or harm suffered due to the defendant's actions.

Malice

The intention or desire to do evil or cause harm, often considered in legal contexts regarding the motive behind an action.

Title VII Coverage

Refers to the part of the Civil Rights Act of 1964 that prohibits employment discrimination based on race, color, religion, sex, or national origin.

Labor Union

An organized association of workers formed to protect and further their rights and interests, including wages, benefits, and working conditions.