QUESTION 20
A firm is analysing its cash budget for June. Assuming its total cash receipts is $1230 and cash expenses is $745. If the company has a minimum desired cash balance of $1000 and ended the month of May with $300, how much loans must the firm take to meet its requirements for June.
O a. $1000
O b. $215
O c. $515
O d. loans are needed
