Varughese Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.To attain its desired ending cash balance for March, the company needs to borrow:
A. $40,000
B. $64,000
C. $0
D. $16,000
Answer: D
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