Deschambault inc. is working on its cash budget for, Ask an Expert

Accounting

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 $0

b $25,000

c $55,000

d $40,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964522

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