The Following Information Was Taken from Mitchell Company Cash Budget

question 170

Multiple Choice

The following information was taken from Mitchell Company cash budget for the month of July: $$\begin{array} { l r } \text { Beginning cash balance } & \$ 100,000 \\\text { Cash receipts } & 96,000 \\\text { Cash disbursements } & 136,000\end{array}$$ If the company has a policy of maintaining end of the month cash balance of $100,000, the amount the company would have to borrow is

• A) $40,000.
• B) $20,000.
• C) $60,000.
• D) $24,000.

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The mean value obtained by dividing the sum of all scores in a set by the number of scores, often used to measure central tendency in data.

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