On January 1 Witt Company Has a Beginning Cash Balance

question 12

Multiple Choice

On January 1 Witt Company has a beginning cash balance of $126000. During the year the company expects cash disbursements of $1020000 and cash receipts of $870000. If Witt requires an ending cash balance of $120000 Witt Company must borrow

• A) $96000.
• B) $120000.
• C) $144000.
• D) $276000.

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Definitions:

Fast-Growth Companies

Businesses that experience a rapid increase in revenue or size within a short period, often driven by innovative products or services.

Home-Based Businesses

Enterprises operated from the owner's home, offering flexibility and cost savings compared to traditional brick-and-mortar locations.

Education Courses

Structured programs of study or training offered by educational institutions.

Feasibility

The measure of how achievable, practical, or viable a proposed plan or project is based on existing conditions and resources.