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Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.

To attain its desired ending cash balance for November, the company needs to borrow:

A) $0

B) $16,000

C) $50,000

D) $84,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M947591

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