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ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April expected cash receipts are $45,000. Expected cash disbursements during the month total $52,000. During April the company will need to borrow:

A. $2,000.
B. $4,000.
C. $6,000.
D. $8,000.

Respuesta :

heloveshannah
i think this may be C

The company need to borrow $4,000.

  • The calculation is as follows:

= $9,000 + $45,000 - $52,000

= $2,000

There is the minimum cash balance of $6,000

So, the borrowed amount is

= $2,000 - $6,000

= $4,000

Therefore we can conclude that The company need to borrow $4,000.

Learn more: brainly.com/question/6201432

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