(Answered) Question - loachapoka company budgeted the following

Accounting

Question - Loachapoka Company budgeted the following transactions for April 2004:

Sales (75% collected in month of sale) $200,000

Cash Operating Expenses 105,000

Cash Purchases of Capital Investment 75,000

Cash Payment of Dividends 20,000

Depreciation on Operating Assets 15,000

The beginning cash balance was $50,000. The company desires to have a $25,000 ending cash balance. What is the amount of the borrowing (repayment)?

a. Borrowing $25,000

b. Borrowing $40,000

c. There is no borrowing or repayment.

d. Repayment $50,000

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