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How june the company must required balance

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Reference no: EM132533877

Question 1: Western Company is preparing a cash budget for June. The company has $10,900 cash at the beginning of June and anticipates $31,100 in cash receipts and $36,700 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must:

Option 1: Borrow $10,000.

Option 2: Borrow $4,700.

Option 3: Borrow $5,600.

Option 4: Repay $5,300.

Option 5: Repay $4,700.

Reference no: EM132533877

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