Abc company has a cash balance of 9000 on april 1. the, Ask an Expert

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ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April expected cash receipts are $45,000. Expected cash disbursements during the month total $52,000. During April the company will need to borrow:

a. $2,000.

b. $4,000.

c. $6,000.

d. $8,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M996434

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