(Answered) 1 deschambault inc is working on its cash budget for

Accounting

1. Deschambault Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts total $127,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $40,000. To attain its desired ending cash balance for December, the company needs to borrow:

A) $25,000
B) $0
C) $55,000
D) $40,000

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