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Speedy Runner Makes Running Shoes and They Have Gathered the Following

Question 116

Multiple Choice

Speedy Runner makes running shoes and they have gathered the following data for the month of October: Speedy Runner makes running shoes and they have gathered the following data for the month of October: 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 Speedy Runner's cash excess or cash deficiency at the end of October? A) $3,300 cash excess B) $3,300 cash deficiency C) $203,300 cash excess D) $12,000 cash deficiency 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 Speedy Runner's cash excess or cash deficiency at the end of October?


A) $3,300 cash excess
B) $3,300 cash deficiency
C) $203,300 cash excess
D) $12,000 cash deficiency

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