Harrah Company Provided the Following Information for the Month of October

question 62

Multiple Choice

Harrah Company provided the following information for the month of October: $\begin{array}{lr}\text { Beginning cash balance } & \$ 35,000 \\\text { Cash receipts } & 460,000 \\\text { Cash disbursements } & 485,000\end{array}$ Harrah's policy is to keep a minimum end-of-the-month cash balance of $30,000.How much will Harrah's need to borrow during August?

• A)$20,000
• B)$25,000
• C)$10,000
• D)$0

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Definitions:

Eleanor Roosevelt

An influential American political figure, diplomat, and activist, known for her role as First Lady from 1933 to 1945 and her work in human rights.

First Lady

The title attributed to the wife of the president of the United States or the leading female representative of the government, often involved in social and political causes.

Redefined Role

A significant change in how a position, function, or concept is understood, characterized, or executed within a specific context or by society at large.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.