The Following Information Was Taken from Southgate Industry's Cash Budget

question 45

Multiple Choice

The following information was taken from Southgate Industry's cash budget for the month of July: $$\begin{array} { l r } \text { Beginning cash balance } & \$ 480,000 \\\text { Cash receipts } & 304,000 \\\text { Cash disbursements } & 544,000\end{array}$$ If the company has a policy of maintaining a minimum end of the month cash balance of $400,000, the amount the company would have to borrow is

• A)$160,000.
• B)$80,000.
• C)$240,000.
• D)$96,000.

---

Definitions:

Mousterian Tool Tradition

A prehistoric stone tool industry associated with Neandertals and early modern humans, characterized by flake tools such as points, scrapers, and knives.

Human Genus

Refers to the genus Homo, which includes modern humans (Homo sapiens) and species closely related to them.

Evidence of Human

Indications or traces left by human activities, presence, or developments throughout history.

Stone Tool Tradition

The practice of making and using tools made from stone by human societies, particularly during the Paleolithic period.