Homework Answers
The correct answer is B) $0
Supporting calculations:
The cash budget is as follows -
| Dunitall Inc. | |
| Cash Budget | |
| December | |
| Beginning cash balance | $14,000 |
| Add: Budgeted cash receipts | $127,000 |
| Total cash available | $141,000 |
| Less: Cash disbursements | ($126,000) |
| Ending cash balance | $15,000 |
The ending cash balance is $15,000 but the required balance is $14,000 so there is no requirement to make a loan for the cash because the required cash is available. Hence, the correct answer is $0 which means there is no requirement to make the loan.
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