Business, 21.12.2019 05:31, mmaglaya1

Great skot expects to have cash receipts in june of $532,160. skot’s cash disbursements in june are $581,720, including an interest payment on a bond issue of $32,000. if skot wishes to maintain a cash balance of $40,000, how much will skot have to borrow if it started the month with a cash balance of $52,000?

a.$37,560
b. surplus of $2,440. will not have to borrow
c.$5,560
d. surplus of $34,440. will not have to borrow

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Great skot expects to have cash receipts in june of $532,160. skot’s cash disbursements in june are...