question archive The following information was taken from Hobson Company cash budget for the month of june Beginning cash balance………………………
The following information was taken from Hobson Company cash budget for the month of june Beginning cash balance………………………
Subject:AccountingPrice: Bought3
The following information was taken from Hobson Company cash budget for the month of june
Beginning cash balance……………………….$180,000
Cash receipts…………………………………...174,000
Cash disbursements…………………………....204,000
If the company has a policy of maintaining an end-of- the- month cash balance of $150,000, the amount the company would have to borrow is
a. $66,000.
b. $30,000.
c. $0
d. $90,000.
