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How much will washam company need to borrow by end of june

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Reference no: EM132528743

Question 1: Washam Company must maintain a minimum cash balance of $25,000. At the beginning of June the company's cash balance was $17,000. Budgeted cash receipts for June are $150,000 and budgeted cash disbursements are $201,000. Budgeted net income for July totals $11,000. How much will Washam Company need to borrow by the end of June?

Option A) $34,000

Option B) $43,000

Option C) $59,000

Option D) $9,000

Reference no: EM132528743

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