The following information was taken from Mitchell Company cash budget for the month of July: If the company has a policy of maintaining an end of the month cash balance of $125,000, the amount the company would have to borrow is
A)$50,000.
B)$25,000.
C)$75,000.
D)$36,000.

Question

The following information was taken from Mitchell Company cash budget for the month of July:  If the company has a policy of maintaining an end of the month cash balance of $125,000, the amount the company would have to borrow is
A)$50,000. 
B)$25,000. 
C)$75,000. 
D)$36,000.

Quizplus · Accepted Answer

The Answer of The following information was taken from Mitchell Company cash budget for the month of July:  If the company has a policy of maintaining an end of the month cash balance of $125,000, the amount the company would have to borrow is
A)$50,000. 
B)$25,000. 
C)$75,000. 
D)$36,000.

The Following Information Was Taken from Mitchell Company Cash Budget