(Answered) Problem - bookworm publishers publishes books and they have

Accounting

Problem - Bookworm Publishers publishes books and they have gathered the following data for the month of October:

Data

Cash on 8/1 $6,000

Expected Cash Collections $354,000

Direct Materials Cash Disbursements $64,000

Direct Labor Cash Disbursements $51,000

MOH Cash Disbursements $41,000

Operating Expenses Cash Disbursements $85,000

Capital Expenditures Cash Disbursements $130,000

Bookworm Publishers requires an ending cash balance of at least? $5,000 and can borrow from a line of credit in? $1,000 increments. What is the ending cash balance for? October?

A. ?$5,000

B. $11,000

C. $27,000

D. $16,000

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