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Bookworm Publishers Publishes Books and They Have Gathered the Following

Question 31

Multiple Choice

Bookworm Publishers publishes books and they have gathered the following data for the month of October: Bookworm Publishers publishes books and they have gathered the following data for the month of October: Bookworm Publishers requires an ending cash balance of at least $5,000 and can borrow from a line of credit in $1,000 increments. What is the excess or deficiency of cash for October? A) $3,000 cash deficiency B) $8,000 cash excess C) $5,000 cash excess D) $11,000 cash deficiency Bookworm Publishers requires an ending cash balance of at least $5,000 and can borrow from a line of credit in $1,000 increments. What is the excess or deficiency of cash for October?


A) $3,000 cash deficiency
B) $8,000 cash excess
C) $5,000 cash excess
D) $11,000 cash deficiency

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