Olea Company is preparing the cash budget for June. - The company's desired minimum cash...
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Olea Company is preparing the cash budget for June. - The company's desired minimum cash balance is $40,000. - On May 31st, the cash balance is $80,000. - The expected cash receipt in June is $250,000 and the expected cash disbursement is $400,000. - To maintain the minimum cash balance, Olea Company will need to borrow money from the bank.' How much will they need to borrow? $110,000 $80,000 $150.000 $40.000 $190.000 $70000
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