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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