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Varughese incorporated is working on its cash buget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and buegeted cash disbursements total $191,000. The desired ending cash balance is $40,000. To attain its desired ending cash balace for March, the company needs to borrow:__.
a. $40,000.
b. $0.
c. $16,000.
d. $64,000.

Respuesta :

ayokenny2001

Answer:

C. $16,000

Explanation:

Beginning cash balance

$33,000

Add cash receipt

$182,000

Less cash disbursement

($191,000)

Ending cash balance

$24,000

Desired ending cash balance

$40,000

Borrowing ($40,000 - $24,000)

$16,000

Therefore, the company needs to borrow $16,000 to attain its desired ending cash balance for March.

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