The Following Information Was Taken from Hobson Company Cash Budget $\quad \$ 150,000$

question 153

Multiple Choice

The following information was taken from Hobson Company cash budget for the month of June Beginning cash balance $\quad \$ 150,000$
Cash receipts $\quad 145,000$
Cash disbursements
170,000 If the company has a policy of maintaining end-of-the-month cash balance of $125,000, the amount the company would have to borrow is

• A) $50,000.
• B) $25,000.
• C) $0
• D) $75,000.

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Definitions:

Psychologists

professionals who study the human mind and behavior, offering insights and interventions for mental and emotional well-being.

Moods

Persistent emotional states that are less specific than emotions and not necessarily linked to a particular stimulus.

Emotions

Complex psychological states that involve three distinct components: a subjective experience, a physiological response, and a behavioral or expressive response.

Affects

Refers to the experience of feeling or emotion.