Speedy Runner makes running shoes and they have gathered the following data for the month...
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Accounting
Speedy Runner makes running shoes and they have gathered the following data for the month of October: Data Cash on 10/11 $15,300 Expected Cash Collections $435,000 Direct Materials Cash Disbursements $80,000 Direct Labor Cash Disbursements $32,000 MOH Cash Disbursements $25,000 Operating Expenses Cash Disbursements $110,000 Capital Expenditures Cash Disbursements $200,000 Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. What is the ending cash balance for October? OA. $9,000 OB. $12,000 OC. $3,300 OD. $12,300
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