Varughese Incorporated Is Working on Its Cash Budget for March

question 7

Multiple Choice

Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.To attain its desired ending cash balance for March, the company needs to borrow:

• A) $40,000
• B) $0
• C) $16,000
• D) $64,000

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Definitions:

Ichak Adizes

An international consultant and scholar known for his work on management and leadership, specifically the Adizes Methodology for organizational transformation and lifecycle.

Embrace Problems

The mindset of viewing challenges and difficulties as opportunities for growth, learning, and innovation rather than obstacles to be avoided.

Surprise

A sudden and often unexpected event that necessitates an immediate and adaptative response from the affected parties.

Inertia

In physics, the tendency of an object to resist any change in its motion, including a change in speed or direction; in a figurative sense, a resistance to change or action.