The Following Information Was Taken from Hobson Company's Cash Budget

question 86

Multiple Choice

The following information was taken from Hobson Company's cash budget for the month of June $$\begin{array} { l r } \text { Beginning cash balance } & \$ 180,000 \\\text { Cash receipts } & 174,000 \\\text { Cash disbursements } & 204,000\end{array}$$ If the company has a policy of maintaining an end-of-the-month cash balance of $150000 the amount the company would have to borrow is

• A)$66000.
• B)$30000.
• C)$0
• D)$90000.

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Definitions:

Work Permit

Official permission allowing an individual to work in a particular place or occupation, especially if they are not citizens of the country.

Work Certificate

A document provided by an employer certifying an employee's job title, duties, and period of employment.

Foreign Individual

A person who comes from or resides in a different country than the one being referred to.

Third-Country Nationals

Individuals who are working in a country that is neither their home country nor the country of the business for which they are working.