(Answered) Question - the following information was taken from

Accounting

Question - The following information was taken from Bounders Company cash budget for the month of July: Beginning cash balance $50,000 Cash receipts 48,000 Cash disbursements 68,000 If the company has a policy of maintaining an end of the month cash balance of $50,000, how much will the company need to borrow during July?

a) $20,000

b) $10,000

c) $30,000

d) $12,000

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