During September, the Capital Expenditure Budget Indicates a $140,000 Purchase

question 84

Multiple Choice

During September, the capital expenditure budget indicates a $140,000 purchase of equipment for cash.The ending September cash balance from operations is budgeted to be $20,000.The company wants to maintain a minimum cash balance of $10,000.What is the minimum cash loan that must be planned to be borrowed from the bank during September?

• A)$110,000
• B)$120,000
• C)$130,000
• D)$150,000

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