Attaining desired ending cash balance, Accounting Basics

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Attaining desired ending cash balance

Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.

To attain its desired ending cash balance for November, the company needs to borrow:

A) $0

B) $16,000

C) $50,000

D) $84,000

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Accounting Basics: Attaining desired ending cash balance

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Accounting Basics: Attaining desired ending cash balance

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Recent Questions Asked Accounting Basics

Q : Predecessor and prospective auditors

Q : Differences that exist between ifrs and us gaap

Q : Characteristic that distinguish nfp from business enterprise

Q : Issuance price of the bonds

Q : Attaining desired ending cash balance

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Accounting Basics: Attaining desired ending cash balance

Reference No:- TGS047591

Recent Questions Asked Accounting Basics

Q : Predecessor and prospective auditors

Q : Differences that exist between ifrs and us gaap

Q : Characteristic that distinguish nfp from business enterprise

Q : Issuance price of the bonds

Q : Attaining desired ending cash balance

Q : Predetermined overhead rate every month

Q : Net assets of the business totalled

Q : Increase in miller operating profits

Q : Using high-low method determine cost formula for maintenance

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