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KAB Inc., a small retail store, had the following results for May. The budgets for June and July are also given below. The cash balance at the end of May is $ 10,000. Sales are collected 80% in the month of the sale and the balance in the month following the sale. (There are no bad debts.) The goods that are sold are purchased in the month prior to sale. Suppliers of the goods are paid in the month following the purchase. The operating expenses are paid in the month of the sale. The company has to maintain a minimum cash balance of $ 10,000. Any borrowing has to be arranged in multiples of $ 1,000. What should be the amount of cash balance at the end of June. O $10,000. O $10,400. O $11,000. O $ 9,600 O $12,500. KAB Inc., a small retail store, had the following results for May. The budgets for June and July are also given below. The cash balance at the end of May is $ 10,000. Sales are collected 80% in the month of the sale and the balance in the month following the sale. (There are no bad debts.) The goods that are sold are purchased in the month prior to sale. Suppliers of the goods are paid in the month following the purchase. The operating expenses are paid in the month of the sale. The company has to maintain a minimum cash balance of $ 10,000. Any borrowing has to be arranged in multiples of $ 1,000. What should be the amount of cash balance at the end of June. O $10,000. O $10,400. O $11,000. O $ 9,600 O $12,500

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