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The following information was taken from Pina Colada Corp. cash budget for the month of July: Beginning cash balance $138000 Cash receipts 132000 Cash disbursements 187000 If the company has a policy of maintaining an end of the month cash balance of $138000, the amount the company would have to borrow is $82500. $41000. $27500. $55000.

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Answer:

$55000

Explanation:

Given:

  • Beginning cash balance              $138000
  • Cash receipts                               $132000
  • Cash disbursements                   -$187000
  • Cash balance:                               $83000

Because the company has a policy of maintaining an end of the month cash balance of $138000, so  the amount the company would have to borrow:

= The maintaining balance cash flow - The actual cash balance

= $138000 - $83000  

= $55000

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