The Following Information Was Taken from Mitchell Company Cash Budget

question 167

Multiple Choice

The following information was taken from Mitchell Company cash budget for the month of July: 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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